GS Group
GS Group is a Korean conglomerate. GS comprises GS Holdings and 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 at 31.1 trillion KRW as the end of 2007 placing GS at the 6th largest in Korea excluding the public business companies.
GS Holdings Corp. was 'spun off' from LG Corp. on July 1, 2004 and was incorporated as a holding company. 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.
The Koo family retained control of the LG Group while the Heo family formed GS Holdings. 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".
Subsidiaries
- GS Caltex the second-largest Korean refiner, is owned equally by GS Holdings Corp. and Chevron Corporation, the second-largest U.S. oil company.
See also
External links
Chaebol (South Korean conglomerates)
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