GS Retail will create a new entity to house its Parnas Hotel and Freshmeat businesses in a bid to remedy undervaluation due to its complex business structure.
GS Fresh Mall, GS Retail’s online grocery shopping service, will start offering one-hour deliveries Thursday.
CJ Olive Young looks set to solidify its front-runner position in the health and beauty store market, with GS Retail's announcement that it will shut all of its Lalavla stores.
GS Holdings reported a net profit of 936.3 billion won ($713.5 million) in the second quarter, jumping 355 percent on year, helped by its oil refining subsidiary business.
Yogiyo jumped back into the quick commerce market with GS Retail, vowing to become the first company to deliver groceries and products within one hour on a nationwide scale.
AboutPet is receiving a 10-billion-won ($7.9 million) investment from Naver, the company announced Thursday.
GS Retail acquired more of food start-up Cookat for some 55 billion won ($46 million) and became the largest shareholder.
GS Retail invested 65 billion won ($55 million) in Kakao Mobility, acquiring 1.3 percent of the company and expanding its partnership in deliveries.
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