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 and officially split from LG Group in 2005, with the Koo family gaining full control over LG Group and the Huh family creating GS Holdings.
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.
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Subsidiaries
The subsidiaries of GS Holdings are as follows:
- GS E&C
- GS Energy
- GS Power
- GS Entec
- Seorabol City Gas
- GS Platech
- GS Nanotech
- GS FuelCell
- GS Sports
- FC Seoul
- GS Caltex Seoul KIXX
- SamilPolymer
- PCT
- DeajungEM
- Sal de Vida Korea
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GS E&C
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.
Associated Companies
- LG Group
- LS Group
- GS Square
Source of the article : Wikipedia
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