GS Group, which primarily operates in the energy, distribution, and construction sectors, is known for its “beautiful separation” and “conflict-free family management.” The group was formed through the separation and independence of four companies from LG Group. The process began with the launch of GS Holdings (now GS Corporation) on July 1, 2004, and the legal separation was completed with the Fair Trade Commission’s approval on Jan. 27, 2005. GS Group officially launched on March 31, 2005, with the GS CI and management philosophy declaration ceremony. As of 2023, Huh Tae-soo is the chairman, and the group is ranked seventh in the Korean business world.