The Board of COWINTECH Co. Ltd. (KOSDAQ:A282880) announced the spin-off Corwin Service on November 4, 2019. As at June 30, 2019, Corwin Service reported total assets of KRW 352.5 million and total capital of KRW 200 million. The transaction is expected to close on January 20, 2020. The Board of COWINTECH Co. Ltd. (KOSDAQ:A282880) completed the spin-off Corwin Service on January 22, 2020.