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Hanwha Corporation plans to spin off its tech and lifestyle divisions into a new entity, Hanwha Machinery & Service Holdings, while retaining its defense and heavy industry operations. The spin-off, approved by the board, will allocate 76.3% of shares to the existing company and 23.7% to the new one, with completion expected by July following a shareholder meeting in June. This restructuring aims to enhance corporate value and improve decision-making efficiency, alongside the cancellation of 4.45 million treasury shares and an increase in dividends to 1,000 KRW per share.