GS Retail Co. said Thursday it will close all of its lalavla shops, 17 years after it entered the health and beauty (H&B) store market, due to slumping sales amid the coronavirus pandemic and fierce ...tores and quick commerce services, the company's future growth engines," a company official said. GS Retail, which also operates the GS25 convenience stores, first entered the H&B store business in 2...

...m the ceiling soaked books on display at the mall, forcing workers to save books from getting wet until midnight. Convenience store chains have also reported flood damages. Around 200 CU stores, 46 GS25 stores and 40 7-Eleven branches have been affected with water leakage and blackouts. E-commerce and delivery platforms have postponed delivery services, citing safety issues for their couriers. ...

...ompanies, SK Energy, SK Earthon, Samsung Engineering, Samsung Heavy Industries, Lotte Chemical and GS Energy, signed a memorandum of understanding with Petroliam Nasional Berhad, commonly known as Pet... Samsung Engineering will take charge of business development while SK Energy, Lotte Chemical, and GS Energy will design the carbon capture process, and Samsung Heavy Industries will handle transporti...

...ies said they plan to carry out a feasibility study to assess the practicality of the project. The five South Korean companies are SK Energy Co.; Samsung Heavy Industries Co.; Lotte Chemical Corp.; GS Energy Corp.; and SK Earth On Co. The project is largely designed to capture carbon dioxide produced at industrial sites in South Korea and transport it to Malaysia for storage. Carbon capture and...

GS Entec -- South Korean equipment and facilities manufacturer of chemical and energy plants -- has signed a strategic partnership with Sif Netherlands BV to enter the offshore wind power business, the company said Sunday. GS Entec will introduce the Dutch firm’s monopile manufacturing technology under the partnership, according to the company. A monopile is a steel tube foundation that serves ...

LG Chem and GS Caltex on Thursday held a ground-breaking ceremony at GS Caltex Yeosu plant for its new bio-material demonstration plant, which would contribute to building a white ecosystem, officials said. The demo plant at GS Caltex‘s Yeosu complex will mainly produce 3-Hydroxypropionic acid prototypes, key raw material in the production of biodegradable plastics. The construction is set to b...

... e-commerce boom, some South Korean retailers have begun shutting down early-morning deliveries, saying that the cutthroat competition for early bird customers has led to increased operating costs. GS Fresh Mall, an online shopping mall under GS Retail Group, said Wednesday it plans to suspend its early-morning delivery service starting July 31. The company said it has decided to stop the service because of the large cost of additional pay...

...95 billion in the first half of this year on the back of higher oil prices and strong demand recovery amid eased COVID-19 restrictions, data showed Tuesday. The outbound shipments by SK Energy Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oilbank Co. represent a 97.6 percent increase from a year earlier and surpassed the previous record high of $27.7 billion in 2012, according to a latest report ...

...b. Key Models Debut on Global Stage Following its debut in Saudi Arabia this June, the All New GS8 was subsequently released in Middle East markets. The combination of elegant exterior, luxuriou... intelligent technology added to the diverse product lineup in the region. Features of the All New GS8, including a Vogue editorial and a 3D billboard teaser released in Saudi Arabia , also received...

GS Engineering and Construction said Monday it has released its annual sustainability report for 2022, introducing its environmental, social and corporate governance-related activities. In the repor...h Institute for Future Technology in March. Through its continued investment in future technology, GS E&C said it had developed water saving, biogas facility modulation, carbon dioxide to hydrogen con...

GS Energy, an energy arm of South Korean conglomerate GS Group, said Wednesday it has renamed its electric vehicle charging subsidiary as GS Connect. The subsidiary is a joint corporation, created b... pay with GS&Point, a cash-back point system provided by GS Group’s retail unit GS Retail. “Using GS Connect’s brand launch as an opportunity, we will provide better services by unifying the capacity...

A 2.4 trillion won ($1.86 billion) seawater desalination project in Oman overseen by GS Engineering & Construction subsidiary GS Inima has kicked off, officials said Monday. GS Engineering & Construction has signed financing documents for GS Inima’s project to build a Barka 5 Independent Water Plant in Oman, a deal reached with Oman Power & Water Procurement Co. in 2020, the company said. Of th...

...ter recently began sales of mini cocktails named BuzzBallz. On the back of strong sales of Uptown products, the IB Korea is planning on importing the Uptown Blue Hawaiian, which garnered much attention at a tasting event, and preorders have begun for retailers. Uptown cocktails are currently sold at large retailers such as, E-mart, GS Supermarket, GS25 and Mega Mart. ( khnews@heraldcorp.com )

... January, Samsung C&T and Posco signed an agreement with Saudi Arabia’s sovereign wealth fund on green hydrogen production. In February, Samsung C&T and five other Korean companies including Posco, GS Energy and Korea National Oil Corp. inked a deal to jointly promote clean energy businesses, starting with the construction of a clean energy storage and supply facility in the East Sea area. Samsu...

...g the sector one of its key growth drivers for its next big leap. As part of the big push, the firm said it has acquired a 60 percent stake in AppleMango, a local battery maker, in partnership with GS Energy and GS Neotek that took over 34 percent and 6 percent in the company, respectively. Following the deal, AppleMango has become a subsidiary of LG Electronics. Through the new subsidiary, the tech giant wi...