A plan to divide Kolon International Corp into three separate units has been approved by the company's shareholders.

From 1 December 2001, the company will be split into three specialist divisions: FnC Kolon (sports equipment and casual clothes); Kolon International (trading); and Kolon CI (a consulting and investment advisory service).

FnC Kolon and Kolon International will be re-listed on the Korea Stock Exchange on 24 December.