GS Chairman Seeks Cooperation With Armenia
By Yoon Ja-young
Staff Reporter
GS Group Chairman Huh Chang-soo met with Armenian lawmakers Thursday to exchange ideas on the group's projects in the country and measures to build further cooperation.
The lawmakers, led by Armenian National Assembly Speaker Hovik Abrahamyan, are visiting Korea on an invitation by Korean National Assembly Speaker Kim Hyung-o.
The Armenian lawmakers visited GS Group headquarters in southern Seoul to show their appreciation for the efforts of GS Engineering & Construction in building a combined cycle power plant (CCPP) in Yerevan, the country's capital.
Currently, GS has completed 93.8 percent of the construction process, and it is scheduled to be completed by April next year.
At the meeting, Huh underlined the cooperation between Armenia and GS Group in the construction of infrastructure such as petrochemical and power plants. The chairman, who has emphasized that global business should be core growth engine of the group, has paid much attention to the group's projects overseas. GS Global, which was acquired in July, is working as the control tower of the group's overseas businesses, searching out new business opportunities and turning GS into a truly global business.
The Armenian national assembly speaker asked GS Group to do its best for the successful completion of the CCPP, and added that the country was positively considering GS's participation in the construction of a second one, for which the country plans to place an order in the latter half of next year.
GS is preparing a consortium with Japan's Mitsui to win the order next year.