SEOUL (Reuters) - South Korea's auto parts maker Hyundai Mobis Co Ltd said on Wednesday it will spin off its module and after-service parts businesses and merge them with affiliate Hyundai Glovis.
South Korea's Hyundai Glovis said in a regulatory filing that the merger is intended to resolve circular shareholdings.
(Reporting by Joyce Lee; Editing by Shri Navaratnam)
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