THE INVESTOR

메뉴열기

GS Group chairman seeks opportunities in India

PUBLISHED : November 02, 2017 - 16:19

UPDATED : November 02, 2017 - 16:19

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] GS Group Chairman Huh Chang-soo and affiliate CEOs visited India to discuss the group‘s business strategies overseas, the group said on Oct. 2.
 
Starting in 2011, GS Group has been holding overseas meetings as a means to find future growth engines outside of Korea. This year, GS Group decided to hold meetings in India where the group aims to increase its footing down the road. 


GS Group Chairman Huh Chang-soo visits HomeShop18, an Indian on-air shopping channel that GS Group has a 15 percent stake in, during a two-day trip to India which began on Oct. 30. GS Group.



“India has a massive domestic market, and its annual growth rate continues to post some 7 percent. The market itself has great potential and can also provide strategic benefits for the group to enter the European markets,” Huh said.

Pointing out that India‘s middle-class population has reached 200 million and their increasing consumerism, Huh also asked the group’s CEOs to come up with various products and new business models to attract local consumers there, the group’s official said.

With its efforts delving into the overseas market, GS Group in the last year logged 26.3 trillion won of sales from overseas, 50.9 percent of the total sales. That compares to 7.1 trillion won in 2004, which account for some 30 percent of the group‘s total sales worth 23 trillion won, the group added.

By Shim Woo-hyun/The Korea Herald (ws@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
JUVENILE PROTECTION MANAGER : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.