SEOUL, May 26 (Korea Bizwire) — GS Group, South Korea’s eighth-largest conglomerate by assets, said Thursday it will spend 21 trillion won (US$16.5 billion) over five years to boost its clean energy businesses, such as small-sized nuclear reactors and hydrogen. The energy-to-retail business group made the announcement as it joined a handful of other major [...]
SEOUL, Nov. 3 (Korea Bizwire) — GS Group, a South Korean energy and construction conglomerate, is looking to India as it seeks new business opportunities in the rapidly growing market, it said Thursday. In an executive meeting held in New Delhi from Wednesday to Thursday, GS Group Chairman Huh Chang-soo said India’s domestic market grows [...]
SEOUL, May 13 (Korea Bizwire) – South Korean energy firm GS Energy Corp. said Wednesday it has won a 3 percent stake in an oil concession in the United Arab Emirates, joining major players from Japan and France to pump oil from the largest oil field in the Middle East country over the next four decades. [...]
![[Quote] GS Chief Pursues Goal to Make GS Sustainable Company](http://koreabizwire.com/wp/wp-content/uploads/2014/09/2014092217441951272_20140922175920_1.jpg "[Quote] GS Chief Pursues Goal to Make GS Sustainable Company")
“In retrospect, GS has put forth its utmost efforts to become a leading company in the world for ten years, but it seems that we still have a long way to go.” “In order to grow into an ever prosperous corporation for next 100 years, we should be more proactive in a fast-changing business environment, [...]
SEOUL, June 9 (Korea Bizwire) – A competition to get bigger by gobbling up rivals in the energy industry is getting fiercer. As GS Group has closely caught up with the industry leader POSCO Energy by acquiring STX Energy, POSCO Energy responded by betting big on trying to take over Tongyang Power. The power generation business, [...]
SEOUL, May 8 (Korea Bizwire) – As the financial results of Korea’s major corporations worsen, the corporate tax receipts paid by the companies have also shrunk. According to the Financial Supervisory Service and FnGuide, a financial information provider, on May 7, the 87 affiliate firms within the top-ten business groups posted the pretax net profit at 50.9 [...]