GS Group

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GS Group is one of the largest South Korean conglomerates. 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. GS Holdings was incorporated in July 2004 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. 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". 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.