South Korean energy, retail and construction conglomerate GS Group announced Thursday that it has officially launched the GS Cultural Foundation, a move aimed at enriching the nation's cultural and artistic landscape. Chaired by GS Group Chairman Huh Tae-soo, the board comprises prominent figures including Kang Sue-jin, artistic director of the Korean National Ballet, Eugene H J Bang, former head of DBS Bank Korea, Rha Wan-bae, former vice chairman of GS Energy, and Lee Joon-myung, an attor

Table tennis star and Paris Olympic double-bronze medalist Shin Yu-bin has become a favorite in the Korean food industry, landing major ad deals with top brands. The 20-year-old athlete brought home medals in mixed and women’s doubles, ending the country’s long medal drought in table tennis. Cameras caught her munching on snacks -- bananas, rice balls, and energy gels -- during breaks as the competition heated up. These endearing moments quickly went viral, adding to her charm alongs

South Korea's top two airlines, Korean Air and Asiana Airlines, are recently ramping up efforts to encourage their passengers to use up their mileage in an apparent move to ease financial burdens ahead of their planned merger later this year. Korean Air recently announced a strategic partnership with GS Retail, a local retailer operating GS25 convenience stores, to allow customers to use their Korean Air points at GS25 outlets. Asiana Airlines also plans to launch an online shopping site ex

Korea’s private and public sectors have been working relentlessly to commercialize urban air mobility, or UAM, in 2025 as the country looks to take the lead in the up-and-coming global UAM sector. The Ministry of Land, Infrastructure and Transport has laid out the K-UAM roadmap with two-part demonstration projects of "Grand Challenges," or GC1 and GC2. The ministry explained that UAM, which mainly focuses on utilizing electric vertical take-off and landing, or eVTOL, aircraft to

GS Entec, a South Korean offshore wind power and marine equipment manufacturer, said Thursday it has successfully shipped its first turbine base, or monopile, from its Ulsan plant for the Yeonggwang Nakwol Offshore Wind Power Project. Located off the southwestern coast of Korea, the Yeonggwang Nakwol Offshore Wind Power Project is a major development expected to generate 365 megawatts of electricity, sufficient to power 87,000 homes in Korea. GS Entec secured a 200 billion won ($144 million) c

Sellers are leaving Tmon and Wemakeprice, the online shopping platforms owned by Singapore-based e-commerce giant Qoo10, due to delays in payment reportedly caused by liquidity issues, according to industry sources, Wednesday. Major retailers like Lotte Shopping, GS Retail and Hyundai Department Store suspended sales on Tmon and Wemakeprice earlier this week, citing a failures in getting paid by the two platforms. Similarly, travel agencies including Hana Tour, Modetour and Yellow Balloon Tour a

The industry ministry said Tuesday it has asked the country's four major oil refiners to refrain from excessive price increases as part of efforts to combat lingering inflation. Second Vice Industry Minister Choe Nam-ho made the remark during his meeting with representatives from SK Energy Co., GS Caltex Corp., S-Oil Corp. and HD Hyundai Oilbank, according to the Ministry of Trade, Industry and Energy. "Although consumer prices have slowed to some extent since April, perceived inflatio

SK Telecom said Monday that it has sealed partnerships in Canada and the US to expand its proprietary artificial intelligence-driven veterinary diagnostic service, X Caliber, into the North American pet market, the largest globally. Originally launched in Korea in September 2022, X Caliber executes diagnostic results through AI analysis of X-ray images. This expansion into North America follows its recent launches in Australia and Indonesia. Expansion in Canada has been confirmed through a distr

South Korean e-commerce giant Coupang said Friday it is not considering acquiring a part of Homeplus, a supermarket chain grappling with poor performance in recent years. The announcement was made in response to local media reports suggesting that Coupang plans to acquire Homeplus Express from MBK Partners, the private equity fund that owns Homeplus. Homeplus' supermarket business comes in two types: Homeplus, a large discount store, and Homeplus Express, a smaller hypermarket. Homeplus o

GS Engineering & Construction unveiled Friday a new vision and six core values to foster ongoing growth and enhance employee integration. GS E&C CEO Huh Yoon-hong announced the company's new slogan: "Perfecting a safer today, forging a brighter tomorrow: with transparent trust and relentless innovation, we create a better future for all," to the builder's employees via an intranet video. The company aims to transcend traditional construction, aspiring to become an org

GS Group's energy equipment manufacturing arm GS Entec announced Tuesday it plans to invest 300 billion won ($217 million) to transform its offshore wind power structures. The investment includes 214 billion won for the introduction of automated facilities to produce offshore wind power substructures and 86 billion won for the construction of additional buildings over the next two years. Established in 1988, GS Entec originally focused on chemical and oil refining plants. Since 2020, aligni

Korean energy, retail and construction conglomerate GS Group launched its annual hackathon on Wednesday, running to Thursday, centered on artificial intelligence to drive digital transformation across the company. GS Group has hosted such hackathon events since 2020, but this marks the first year participants are allowed to use generative AI, including ChatGPT, with the aim of enhancing AI utility capabilities among employees. "With the advent of generative AI, we've entered a peri

GYWANGYANG, South Jeolla Province -- South Korean steel giant Posco announced Tuesday that it has successfully established a full value chain for secondary battery materials and components. “We anticipate that as the (electric vehicle) market grows, the value of raw materials within the battery supply chain will increase, and thus we plan to accelerate investments focused on high-profit raw materials,” said Baung Jin-chul, vice president of Posco Holdings, during a press conference h

South Korean energy company GS Caltex announced Thursday that it has partnered with cosmetics company Summit Cosmetics, a subsidiary under Japanese conglomerate Sumitomo, to supply its cosmetics ingredients. According to GS Caltex, the company signed a memorandum of understanding with Summit Cosmetics for the company’s future supply of GreenDiol, the brand name of GS Caltex’ multifunctional 2,3-Butanediol derived from sugarcane and cassava. The 2,3-Butanediol GreenDiol is produced fr

GS Group’s corporate venture capital arm, GS Ventures, said Tuesday that it has successfully hosted Monday's GSV Tech Day at GS Tower, the conglomerate’s headquarters in southern Seoul. Initiated last September, GSV Tech Day provides a platform for startups within the venture capital unit's investment portfolio to exchange technology and cooperate. This year's event was themed on the future of batteries, featuring eight startups specializing in battery-related technolo