GS Group is a Koreanconglomerate. GS comprises of 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 at 31.1 trillion KRW as the end of 2007 placing GS at the 6th largest in Korea excluding the public business companies.
GS Holdings was incorporated in 2004 and officially split from LG Group in 2005, with the Koo family gaining full control over LG Group and the Heo family creating GS Holdings.
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.
The Koo family retained control of the LG Group while the Heo family formed 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".