Hyundai HCN Decides on Physical Division of 'Broadcasting and Telecommunications Business Division'
[Asia Economy Reporter Geum Boryeong] Hyundai HCN announced on the 30th that it has decided to spin off into Hyundai HCN (provisional name) and Hyundai Futurenet (provisional name).
The newly established Hyundai HCN will take charge of the B2B and ICT business divisions, excluding the broadcasting and telecommunications division, digital signage, and corporate messaging business, while Hyundai Futurenet will handle all business divisions except for the spun-off business divisions.
The newly established Hyundai HCN will be a non-listed corporation, and Hyundai Futurenet will remain a listed corporation.
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The spin-off date is November 1.
This content was produced with the assistance of AI translation services.
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