What it does

Imports, sells and services foreign cars in South Korea through dealerships for brands including BMW, MINI, Volvo and Rolls-Royce, plus used-car and leasing operations.

Imported car dealershipsConsumer discretionary

Kolon Global spun off its automotive (import car distribution) business into Kolon Mobility Group via a 인적분할 in which existing shareholders received shares of the new company, which was re-listed on KOSPI.

Distribution date

31 Jan 2023

Structure

Spin-off

Parent

Kolon Global (003070 KS)

Spin-off ticker

450140 KS

Listing

KOSPI

Market

South Korea

Sector

Consumer discretionary

Size

micro