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GS Holdings’ Q2 operating profit surges 253% on strong refining margins

GS Holdings posted a 253.4 percent surge in second quarter operating profit as stronger refining margins, higher oil prices and robust lubricant earnings lifted results above market expectations.

2026.8.11

GS Holdings president promoted to vice chair in shake-up aimed at diversification

GS Holdings CEO Hong Soon-ki will become vice chairman while retaining co-CEO role as part of a leadership shake-up aimed at supporting diversification. Key retail and energy positions are also being restructured.

2024.11.27

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GS Group Chairman Huh Tae-soo speaks during an executive meeting on new businesses held on Thursday at GS Tower in Gangnam District, southern Seoul. [GS HOLDINGS]

GS Group executives' meeting to be held twice a year from now on

The decision follows GS Group Chairman Huh Tae-soo’s emphasis on “new technologies,” as the conglomerate seeks to diversify its portfolio into emerging fields with high growth potential.

2024.1.25

GS Holdings sees 24.9% increase in Q3 net profit

GS Holdings logged 700 billion won ($536.6 million) in net profit for the third quarter, up 24.9 percent from a year earlier.

2023.11.8

GS Holdings reports net 2.48 trillion won in 2022

GS Holdings logged a net profit of 2.48 trillion won ($1.94 billion) for 2022, up 54 percent on year, despite a steep fall in earnings in the fourth quarter, weighed down by lower petroleum prices.

2023.2.13

GS Holdings to invest $16 billion over next half decade

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

2022.5.26

4 GS companies receive new CEOs in 'New to Big' initiative

Four new CEOs were appointed at GS Holdings subsidiaries.

2021.12.1

Bain Capital sells stake in Kosdaq-listed Hugel to consortium

Bain Capital has sold its 42.9-percent stake plus convertible bonds in Kosdaq-listed Hugel, Korea's largest manufacturer of botulinum toxin.

2021.8.25

GS Holdings beats expectations with a strong second quarter

GS Holdings reported a 205.8 billion won ($179.6 million) net profit in the second quarter, up 2,061 percent.

2021.8.9

GS Holdings CEO Hong Soon-ky, fourth from left, poses for a photo with the heads of six start-ups selected for the company’s accelerator program targeting green biotechnology start-ups on Thursday at GS Tower in Ganganm District, southern Seoul. [GS HOLDINGS]

GS Holdings launches green biotech start-up accelerator

GS Group’s holding unit GS Holdings kicked off its biotechnology start-up accelerator program, dubbed “The GS Challenge,” with six selected start-ups on Thursday.

2021.4.8