South Korea's Hyundai Mobis says will spin off two divisions, merge them with Glovis

SEOUL (Reuters) - South Korea's auto parts maker Hyundai Mobis Co Ltd said on Wednesday it will spin off its module and after-service parts businesses and merge them with affiliate Hyundai Glovis.

South Korea's Hyundai Glovis said in a regulatory filing that the merger is intended to resolve circular shareholdings.

(Reporting by Joyce Lee; Editing by Shri Navaratnam)