Seojin System Co.,Ltd agreed to Spin-Off ESS Business Division on May 8, 2024. The division date is November 1, 2024. Shares will be allocated according to the allocation ratio of 0.15072644 per share of the split company's common stock.

The record date for allocation of share is October 31, 2024. For the period ended December 31, 2023, ESS Business Division reported total assets of KRW 235 billion, total debt of KRW 174 billion, and total revenue of KRW 147 billion.