GS_Group

GS Group

GS Group

South Korean conglomerate

This article is about the South Korean company GS Group. For the Russian company GS Group, see General Satellite.

GS Group is one of the largest South Korean conglomerates. GS comprises GS Holdings, subsidiaries & affiliates including GS Caltex, GS Retail, GS Shop, GS EPS, GS Global, GS Sports and GS E&C among others. The asset size is 65.4 trillion KRW at the end of 2019 placing GS as the 8th largest chaebol in Korea excluding the public business companies.

Quick Facts Company type, Traded as ...

GS Holdings was incorporated in July 2004[1] and officially split from LG Group in 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

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

Energy and Power

Retail and service

Construction and infrastructure

GS E&C

GS Engineering & Construction Corporation is a Korea-based global EPC contractor having wide range of experience in refineries, gas and petrochemical plants 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 industrial incineration facilities). It provides a solution for providing EPC and commissioning of thermal and combined cycle power plant projects; and combined heat power and district heating plants, as well as nuclear power projects.[4]

References

  1. [1]
    "About GS – Company – History". GS Holdings. Archived from the original on 24 September 2015. Retrieved 3 February 2013.
  2. [2]
    Srivastava, Sanjay; Jhajharia, Parul (2011). Cases in management. PHI Learning Pvt Ltd. p. 105. ISBN 978-81-203-4158-6.
  3. [3]
    "Subsidiaries". gs.co.kr. 20 August 2020. Archived from the original on 24 August 2019. Retrieved 20 August 2020.
  4. [4]
    http://www.gsconst.co.kr/en/ GS E&C Business
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