CG Aspires to be one of the Top Five Korean conglomerates
GS Group announced that it will aim for $2 billion in net profit by 2010. This goal would position CG as one of Korea's top-five industrial groups--a highly coveted ranking.
In July 2004, the GS Group separated from LG Group to establish GS Corp, its holding company, and focused on its core divisions of energy and retail. This amiable split divided assets of the LG group between the Koo and Huh families. The Huh family now controlling the CS group.
GS is currently ranked as the country's seventh-largest industrial group. Samsung ranks first.
CG hopes to emerge as the one of the top five by 2010, officials said yesterday, based on its strong growth potential and commitment to change.
The group also aims to turn main affiliates such as energy concern GS Caltex Corp. and GS Retail Co. into leading companies in the respective markets..
CG's retail arm runs 86 large supermarkets and 14 mid-size discount outlets along with convenience stores and department stores nationwide.
In July 2004, the GS Group separated from LG Group to establish GS Corp, its holding company, and focused on its core divisions of energy and retail. This amiable split divided assets of the LG group between the Koo and Huh families. The Huh family now controlling the CS group.
GS is currently ranked as the country's seventh-largest industrial group. Samsung ranks first.
CG hopes to emerge as the one of the top five by 2010, officials said yesterday, based on its strong growth potential and commitment to change.
The group also aims to turn main affiliates such as energy concern GS Caltex Corp. and GS Retail Co. into leading companies in the respective markets..
CG's retail arm runs 86 large supermarkets and 14 mid-size discount outlets along with convenience stores and department stores nationwide.
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