Hyundai Mobis Co.,Ltd (KOSE:A012330) agreed to acquire Semiconductor division of Hyundai Autron Co., Ltd. for KRW 133.2 billion on December 11, 2020. As of December 14, 2020, the transaction has been approved by the board of Hyundai Mobis. Upon receiving the approval, Hyundai Mobis and Hyundai Autron signed a contract to transfer all related employees and assets. The transaction is expected to complete on January 1, 2021.