GS Group

GS Holdings
Public
Traded as KRX: 078930
Industry Energy, Retail, Construction, Sports
Founded 2005 (2005)
Headquarters Seoul, South Korea
Area served
 Worldwide
Key people
 Huh Chang-soo
Slogan Value No.1 GS
Website http://www.gsholdings.com/eng/
GS Group
Hangul 지에스홀딩스(주)
Revised Romanization GS Holdingseu (Ju)
McCune–Reischauer GS Holdinsgsŭ (Ju)

GS Group is a South Korean conglomerate. 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 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 was incorporated in 2004[1] and officially split from LG Group in 2005, with the Koo family gaining full control over LG Group and the Heo family creating GS Holdings.[2]

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

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

  • GS Caltex the second-largest Korean refiner, is owned equally by GS Holdings Corp. and Chevron Corporation, the second-largest U.S. oil company.
  • Haeyang City Gas - distributor of natural gas[4]
  • GS Mbiz
  • AMCO
  • GS Greentech
  • GS Park24
  • GS EcoMetal
  • GS Power

GS E&C

GS Engineering & Construction Corp
Public
Traded as KRX: 006360
Industry Engineering,Procurement & Construction
Founded 1969
Headquarters Seoul, South Korea
Area served
 Worldwide
Key people
 Huh Chang-soo
Slogan Global Best & First
Website http://www.gsconst.co.kr/en/

GS E&C 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, housing, plant, environment, and power plant across the globe. It operates through Civil Works, Architectural Construction & Housing, Plant Construction, Power, Hotel, and Others 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; builds industrial incineration facilities). It provides 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.[5]


See also

References

  1. ↑ "About GS - Company - History". GS Holdings. Retrieved 3 February 2013.
  2. ↑ Srivastava, Sanjay; Jhajharia, Parul (2011). Cases in management. PHI Learning Pvt Ltd. p. 105. ISBN 978-81-203-4158-6.
  3. ↑ About GS - Subsidiaries GS Holdings
  4. ↑ Company Overview of Hae Yang City Gas Co., Ltd. Bloomberg Businessweek
  5. ↑ http://www.gsconst.co.kr/en/ GS E&C Business

External links

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