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GS Group

From Wikipedia, the free encyclopedia
This article is about the South Korean company GS Group. For the Russian company GS Group, seeGeneral Satellite.

GS Holdings
Company typePublic
KRX:078930
IndustryEnergy, retail, construction
Founded2005;19 years ago(2005)
HeadquartersGS Tower,
Seoul
,
South Korea
Key people
Huh Tae-soo
OwnersHuh family(50.42%)
Websitewww.gs.co.kr/en/main

GS Groupis one of the largest South Koreanconglomerates.GS comprises GS Holdings, subsidiaries & affiliates including GS Caltex, GS Retail, GS Shop, GS EPS, GS Global,GS Sportsand GS E&C among others. The asset size is 65.4 trillion KRW at the end of 2019 placing GS as the 8th largestchaebolin Korea excluding the public business companies.

GS Holdings was incorporated in July 2004[1]and officially split fromLG Groupin January 2005, with the Koo family gaining full control over LG Group and the Huh family creating GS Holdings.[2]

Convenience stores and other retail companies which formerly operated under the LG logo were rebranded as "GS", which like "LG", comes from the old name, "Lucky-Goldstar".

In December 2005, the company acquired 70% of the shares of GS EPS Co., Ltd. (formerly LG Energy Co., Ltd.) from GS E&C Corporation and LG International Corp.

Affiliates

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The subsidiaries of GS Holdings are as follows:[3]

Energy and Power

Retail and service

Construction and infrastructure

GS E&C

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GS Engineering & Construction Corporationis a Korea-based globalEPCcontractor having wide range of experience in refineries, gas andpetrochemicalplants providing design and construction services. It has been engaged in the fields of architecture, civil engineering, building materials, housing, plant, environment, and power plant across the globe. It operates through Civil Works, Architectural Construction & Housing, Plant Construction, Power, Hotel, and other segments.

The company has been working as an engineering-procurement-construction contractor working in the fields of oil, gas, and petrochemical projects; designs and environmental facilities (sewage system maintenance, and sewage and wastewater treatment; building industrialincinerationfacilities). It provides a solution for providing EPC and commissioning of thermal andcombined cycle power plantprojects; and combined heat power and district heating plants, as well as nuclear power projects.[4]

References

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  1. ^"About GS – Company – History".GS Holdings. Archived fromthe originalon 24 September 2015.Retrieved3 February2013.
  2. ^Srivastava, Sanjay; Jhajharia, Parul (2011).Cases in management.PHI Learning Pvt Ltd. p. 105.ISBN978-81-203-4158-6.
  3. ^"Subsidiaries".gs.co.kr.20 August 2020. Archived fromthe originalon 24 August 2019.Retrieved20 August2020.
  4. ^http:// gsconst.co.kr/en/GS E&C Business
[edit]
  • Official website
  • Business data for GS Holdings:
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