The Board of Directors of Hyundai Futurenet Co., Ltd (KOSE:A126560) agreed to spin off Hyundai HCN Co., Ltd. on October 13, 2020. Hyundai Futurenet Co., Ltd. will be surviving company anf it will own 100% stake in newly established company. The Board of Directors has passed the resolution for the same. The schedule spin off date is November 1, 2020.