Hyosung Incorporates Hyosung ITX as Subsidiary
[Asia Economy Reporter Oh Hyung-gil] Hyosung announced on the 9th that it will incorporate Hyosung ITX as a subsidiary.
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Hyosung explained, "This is to resolve the violation of the Fair Trade Act's restrictions on holding company activities by Hyosung Co., Ltd., which transitioned to a holding company as of January 1, 2019, by incorporating it as a subsidiary."
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