GS Group

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 65.4 trillion KRW at the end of 2019 placing GS as the 8th largest chaebol in Korea excluding the public business companies.

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

GS Holdings
Public (traded on the Korea Stock Exchange)
Traded asKRX: 078930
IndustryEnergy, Retail, Construction, Sports
Founded2005 (2005)
Headquarters
Seoul, South Korea
Area served
Worldwide
Key people
Huh Tae-soo
Websitehttp://www.gs.co.kr/
GS Group
Hangul
지에스홀딩스(주)
Revised RomanizationGS Holdingseu (Ju)
McCune–ReischauerGS Holdingsŭ (Chu)

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]

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 Huh 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 E&C
  • GS Inima Environment (Spain)
  • GS Inima Brasil
  • GS Energy
  • GS Power
  • Incheon Total Energy Company
  • Boryeong LNG Terminal
  • Sal de Vida Korea
  • GS Caltex : the second-largest Korean refiner, is owned equally by GS Holdings Corp. and Chevron Corporation, the second-largest U.S. oil company.
  • GS Mbiz
  • GS Bio
  • GS EcoMetal
  • Inno Polytech
  • Sangji Shipping
  • GS E&R
  • GS Retail ( GS25 / Lalavla / GS THE FRESH )
  • Parnas Hotel
  • FRESH SERVE
  • GS Netvision
  • GS Park24
  • GS SHOP (Home shopping)
  • GS Teleservice Inc.
  • GS Global
  • GS Entec
  • PLS

GS E&C
GS Engineering & Construction Corp
Public (traded on the Korea Stock Exchange
Traded asKRX: 006360
IndustryEngineering,Procurement & Construction
Founded1969
Headquarters
Seoul, South Korea
Area served
Worldwide
Key people
Huh Chang-soo
Websitehttp://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 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 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]

Associated Companies

References
  1. "About GS - Company - History". GS Holdings. Archived from the original on 24 September 2015. 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. Subsidiaries GS Holdings
  4. http://www.gsconst.co.kr/en/ GS E&C Business
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