Kwak Yeon-soo is a digital editor at The Korea Times creating, editing and curating digital content for the newspaper’s website, mobile app and social media. She previously covered a diverse array of cultural, political and business topics.
GS Group chairman calls for innovation
GS Group Chairman Huh Chang-soo, right, is briefed on Techman Robot's industrial robots during his visit to the Taiwan-based robotics company, Thursday. / Courtesy of GS Group
By Kwak Yeon-soo
By Kwak Yeon-soo
GS Group Chairman Huh Chang-soo called for innovation to respond to digital transformation at a strategy meeting held on Oct. 30 and 31.
The two-day meeting, which took place in Taipei, was attended by CEOs and managers of group affiliates, the company said.
Together, they reviewed GS Group's overseas operations, especially in Taiwan and Southeast Asia, and discussed ways to expand its presence in the global market.
“We need to learn from Taiwan's innovative companies that are currently leading Asia's Silicon Valley with future technologies, such as IoT, AI and bio,” Huh said during the meeting. “Taiwan can serve as a gateway for GS as we seek further expansion in Southeast Asia and other regions.”
Huh discussed ways to cope with digital transformation, citing the need to strengthen internal innovativeness and form an agile corporate culture.
“Amid the sluggish business environment and economy, we need to adapt to future technologies more efficiently with an open mind,” he said.
The group leaders visited Taiwan-based Techman Robot to study the firm's intelligent collaborative robots.
GS Group said it plans to establish a venture investment corporation in Silicon Valley in search of new growth engines.
The company posted 36.8 trillion won ($31.6 billion) in overseas sales in 2018, which accounted for 53 percent of its overall sales.