Hyundai WIA disclosed that it has decided to transfer its special business division to Hyundai Rotem through a business transfer, according to a filing dated October 19, 2026.

Hyundai WIA disclosed that at its board meeting on October 19, 2026 it decided to transfer its special business division to affiliate Hyundai Rotem in exchange for cash. The transfer price is KRW 358.386 billion, or about KRW 358.4 billion based on the currency conversion table. The company said the purpose of the transaction is to restructure its business portfolio to focus on future mobility businesses. The business transfer requires a special resolution at a shareholders' meeting scheduled for November 27, 2026, and the original filing also specifies share purchase claim rights for dissenting shareholders.

1. 01

   The counterparty is Hyundai Rotem, an affiliate, and the business being transferred is the special business division.

2. 02

   The contract signing date is October 19, 2026, and the transfer reference date is March 31, 2027, as stated in the original filing.

3. 03

   The company said the transfer price may change depending on changes in net assets between the valuation reference date and the closing date of the transaction, according to the original filing.

4. 04

   The company said that if share purchase claim exercises exceed KRW 140 billion, the board may resolve to halt the business transfer and withdraw the decision.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Transfer price

KRW 358.386 billion (KRW 358.386 billion, about KRW 358.4 billion based on the currency conversion table)

Assets of the business division to be transferred / share of total company assets

KRW 354.9 billion / 5%

Sales of the business division to be transferred / share of total company sales

KRW 393.1 billion / 4.6%

Externally appraised value range

KRW 388.594 billion ~ KRW 483.28 billion

Planned purchase price for share purchase claims

51,811 (in the original filing's unit)

Share purchase claim exercise period

November 27, 2026 ~ December 16, 2026

Filing facts

Filing type

Business Transfer

Report name

Decision on Business Transfer

Filed

Oct 19, 2026

Receipt number

20261019800137