The Board of Kolon Global Corporation (KOSE:A003070) announced the spin off of Kolon Mobility Group Co., Ltd. on July 20, 2022. The board of Kolon Global approved the deal and subject to approval of shareholders of Kolon Global. The transaction is expected to close on January 1, 2023.

Kolon Global Corporation (KOSE:A003070) completed the spin-off of Kolon Mobility Group Corporation on January 1, 2023.