GS Retail Co., Ltd. agreed to Spin-Off Business division on June 3, 2024. The allocation ratio is 0.189422. The record date is December 24, 2024.

The tentative name of the demerged business division is Parnas Holdings Co., Ltd. As at December 31, 2023, the division reports total assets of KRW 783 billion, Total debt of KRW 432 million, and total capital of KRW 782 billion. The spin off is expected to close on December 26, 2024.