GS Group to create fund to secure growth engines Major affilates are likely to invest in a fund worth less than 1 trillion won
Translated by Kim So-in 공개 2019-10-16 08:00:00
이 기사는 2019년 10월 16일 08:00 thebell 에 표출된 기사입니다.
South Korea's eighth largest conglomerate GS Group plans to create a fund.According to a source familiar with the matter on October 8, GS Holdings, GS Group's holding company, plans to set up a fund worth less than one trillion won and made a request to its major affiliates including GS Energy and GS Retail to invest in certain amount of money. The latest fund will be led by GS Holdings with affiliates of GS Group participate as limited partners (LP). It is the first time individual affiliate chips in for a fund in an attempt to secure new growth engines.
"Recently GS Group has been agonizing over how to find new growth engines," said one source familiar with the matter. GS Energy, GS Retail, GS E&R, GS Sports, GS Global, GS HomeShopping, GS EPS will likely invest in the fund.
"It has been very hard for affiliates of GS Group to share the same goal. It looks the company made the decision as it has found itself at risk, having difficulties finding new growth engines," said other source familiar with the matter.
Many market watchers view the GS Group's businesses are 'stable but not promising.' Even though GS Group does run major businesses like community energy service and refinery, the company doesn't have other breakthroughs for the future compared to other conglomerates in the country.
LG Group and SK Group are betting on electric vehicle batteries and Hanwha Groups is investing heavily in solar energy business. According to the Fair Trade Commission's list of Korea's largest business groups, GS Group moved down by on notch to eighth place this year, while Hanwha Group moved up by one to the seventh place.
"It is true that GS Group is mulling over the creation of the fund, but nothing has been decided yet," said one market watcher.
(By reporter Park Ki-soo and Lee Myeong-kwan)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- 우리금융 "롯데손보 M&A, 과도한 가격 부담 안한다"
- 신한캐피탈, 지속성장 포트폴리오 리밸런싱 체계 강화
- 하나금융, ELS 악재에도 실적 선방…확고한 수익 기반
- 하나금융, 자본비율 하락에도 주주환원 강화 의지
- 국민연금, '역대 최대 1.5조' 출자사업 닻 올렸다
- [도전 직면한 하이브 멀티레이블]하이브, 강한 자율성 보장 '양날의 검' 됐나
- [퍼포먼스&스톡]꺾여버린 기세에…포스코홀딩스, '자사주 소각' 카드 재소환
- [퍼포먼스&스톡]LG엔솔 예견된 실적·주가 하락, 비용 절감 '집중'
- [퍼포먼스&스톡]포스코인터, 컨센서스 웃돌았지만 주가는 '주춤'
- 신한금융, ‘리딩금융’ 재탈환에 주주환원 강화 자신감