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08.27 2018

[Korea Herald]

GS to invest W20tr, hire 21,000 over next 5 years

Over the next five years South Korea’s chemical and energy giant GS Group will invest 20 trillion won (about $18 billion) and create 21,000 new jobs to promote growth and market competitiveness, company representatives said Sunday. The investment, 4 trillion won each year, is 25 percent more than the average the group has spent each year over the last three years, and it will be spent mostly on the three pillars of the group’s business -- the petrochemical, energy and retail sectors. A total of 14 trillion won will be spent to expand its existing petrochemical plants in Yeosu, South Jeolla Province, as well as its renewable energy production facilities and natural resource exploration projects overseas. To strengthen its sales network in and out of the country, the group will spend 4 trillion won on its retail arm while injecting 2 trillion into the construction and service sectors.
08.26 2018

[KOREA JoongAng Daily]

GS unveils 5-year plan

GS Group announced Sunday it will invest 20 trillion won ($17.9 billion) and hire 21,000 more workers in the next five years. Korea’s seventh-largest conglomerate is following in the footsteps of other leading business groups that recently came up with investment and job creation plans including Samsung, Hyundai Motor, SK, LG, Hanwha and Shinsegae. The Moon Jae-in administration had asked the chaebol to help revive the faltering economy by announcing hefty investment plans.
05.25 2018

[Korea Herald]

GS Chairman urges affiliates to seek new opportunities amid changing geopolitical landscap

Huh Chang-soo, chairman of GS Group, urged GS affiliates to find new business opportunities amid an evolving geopolitical landscape, at an annual forum designed to seek innovation in the retail-to-energy conglomerate, the group said Wednesday.
04.18 2018

[Korea Herald]

GS chief urges management to encourage challenges, innovation

GS Chairman Huh Chang-soo urged the firm’s executives to create an environment where new challenges and innovation are encouraged at a management meeting held on Wednesday.
02.05 2018

[KOREA JoongAng Daily]

GS chairman gives new executives a pep talk

GS Group Chairman Huh Chang-soo asked the group’s new executives to continuously challenge everything and aim high to produce the best results for the company on Friday when he visited the new decision makers’ workshop on Jeju Island.

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