OP Mobility has signed a definitive agreement to acquire 100% of Hyundai Mobis' automotive lamp business for 600 billion Korean won, or about $443.5 million. Hyundai Mobis' board approved a physical division of the business on Sept. 30, with the separation scheduled for April 1, 2027, before the sale proceeds. Hyundai Mobis disclosed that the business generated about 1 trillion won in sales last year, while OP Mobility put revenue at around 2.5 trillion won including overseas factories. The operation recorded an operating profit surplus and has five production plants in South Korea, China, Mexico and the Czech Republic. The transaction is targeted for completion in the second half of 2027 after customary regulatory and business-combination approvals. Hyundai Mobis says the divestment supports a strategy of focusing resources on future mobility and core businesses, while OP Mobility expects the combination to expand its technology, customer base and presence in Asia, North America and Europe. Unions and partner companies have opposed the sale, citing employment stability and compensation concerns; Hyundai Mobis says transferred employees will retain their employment and all related rights and obligations.