S. Korea’s GS Retail to establish logistics company next year

2017.11.10 15:54:18 | 2017.11.10 15:54:38

이미지 확대
GS Retail Co., a retail unit of South Korean conglomerate GS Group, will establish a logistics arm in January to facilitate distribution to its retail outlets.

Its board on Thursday approved a plan to set up GS Networks. Previously a business division of GS Retail has been in charge of distribution to retailers GS25 convenience stores, GS Supermarkets and GS Fresh online shopping mall.

A separate entity would be established to add expertise and competitiveness, an unnamed GS Retail official said. GS Retail will fully own the new company.

By Lee Yoo-jin and Lee Ha-yeon

[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]

MOST READ MOST RECENT
  1. 1SK hynix shares fall despite surprise Q1 earnings results
  2. 2LG Innotek’s Q1 OP up 21.1% on cost-cutting efforts
  3. 3SK hynix to double HBM production capacity
  4. 4SNU professor tapped to head new space agency
  5. 5Samsung C&T’s Q1 operating profit up 11%
  1. 1Naver revamps ‘Knowledge iN’ service for 22nd anniversary
  2. 2LG Uplus applies AI safety solution to Busan New Port
  3. 3SK hynix shares fall despite surprise Q1 earnings results
  4. 4Korea‘s GDP grows 1.3% in Q1: BOK
  5. 5Hyundai E&C to apply smart safety system to construction sites
  6. 6GS25 unveils “Seoul Silver Limited Edition” makgeolli