GS GLOBAL

GS Group shares new biz plans

GS Group’s executives in charge of tapping new businesses gathered on Wednesday to share where they stand in mergers and acquisitions, business partnerships and venture investments under the conglomerate’s new biz strategy -- “eco-friendly, digital future growth.” The executives shared details such as the technology and business models of the companies they have invested in, and opportunities for collaboration between the firms and GS in areas including biotech, circular economy and energy transition.

GS Group launches promotion to support Busan Expo

South Korea’s retail-to-energy conglomerate GS Group said Sunday that it has launched promotional activities to support South Korea’s bid to host the 2030 Busan World Expo.

GS Group unveils sustainability goals in its first

South Korea’s energy-to-retail conglomerate GS Group said Wednesday that it has published its first environmental, social and governance report which contains three key execution plans under a slogan of “Grow Sustainably, GS.”

GS Holdings to invest $16 billion over next half d

GS Holdings announced it will invest 21 trillion won ($16.5 billion) over the next five years to ensure future growth.

GS Holdings establishes an ESG charter for related

GS Holdings will establish an ESG charter to better implement environment, social and governance policies at subsidiaries and other related companies.

Naver Cloud, GS Global join hands for overseas mar

Naver Cloud and GS Global will collaborate on their overseas services, the companies said Tuesday. The new alliance with GS Global gives Naver Cloud a channel to liaise with large-scale corporate clients in target countries, while for GS Global it allows for a business expansion opportunity into information technology, they said.

Naver Cloud partners with GS Global to expand over

Naver Cloud will work with GS Global to expand its public cloud service to foreign markets, using the latter company's knowledge and experience operating in overseas markets to help its expansion. Public clouds are cloud environments primarily created from IT infrastructure owned by operators serving multiple customers. For Naver Cloud, all data and systems run from servers and storage physically based at a Naver facility. Naver said the agreement signed Sunday will give the companies access to each other’s expertise. GS Global’s role in the partnership is to understand the foreign market and acquire a customer base for the cloud service while Naver Cloud will offer its technology to provide services catered to each country and assist with technical sales support and operation maintenance of the cloud services.

GS Group‘s Huh vows to lead transformation

GS Group is expected to undergo a transformation under the leadership of Huh Tae-soo, who was formally appointed CEO of the group’s holding firm and chairman of the board during a shareholders meeting Friday. Huh Tae-soo, the youngest brother of former GS Group Chairman Huh Chang-soo, has been widely known for his experience in the global market, as well as his emphasis on digital transformation. “Huh Tae-soo is expected to take the leadership role to bring new business models and improve the group’s business portfolio in the rapidly changing global business environment,” a GS Group official said.

GS Group donates W4b to local charity

GS Group said Monday it donated 4 billion won ($3.44 million) to the Community Chest of Korea to support the livelihood and education of people in need.

GS to open Silicon Valley venture capital firm

GS Group will establish a venture capital firm in Silicon Valley next year, the conglomerate said Thursday. The new unit’s main purpose will be “to search for new growth engines in line with the global business trend that is rapidly shifting with new technology,”