South Korea's top construction company, GS Engineering & Construction, is intensifying its efforts to improve financial stability and drive growth in key areas. One of the strategies being pursued involves exploring options such as selling stakes in subsidiaries like GS Inima Environment and GS Elevator to generate funds for expansion. GS Inima Environment, a successful water treatment company acquired in 2012, has been a valuable addition to GS E&C's business, contributing significantly to its annual operating profit. The company's main approach includes divesting from underperforming ventures and reinforcing financial stability by selling successful businesses at their peak value, with the proceeds being reinvested to ensure sustainable growth. This strategy has already yielded positive results, with GS E&C achieving a notable operating profit in the first half of 2024 and a substantial increase in its stock price since the appointment of CEO Huh Yoon-hong in 2023. Additionally, GS E&C is focusing on selective, profit-oriented orders in its core housing business and has secured contracts for major projects in Busan and Seoul. Looking ahead, the company plans to maintain its commitment to sustainable management by actively investing in building a strong portfolio and consolidating its position in the global market.
South Korea's top construction company, GS Engineering & Construction, is intensifying its efforts to improve financial stability and drive growth in key areas. One of the strategies being pursued involves exploring options such as selling stakes in subsidiaries like GS Inima Environment and GS Elevator to generate funds for expansion. GS Inima Environment, a successful water treatment company acquired in 2012, has been a valuable addition to GS E&C's business, contributing significantly to its annual operating profit. The company's main approach includes divesting from underperforming ventures and reinforcing financial stability by selling successful businesses at their peak value, with the proceeds being reinvested to ensure sustainable growth. This strategy has already yielded positive results, with GS E&C achieving a notable operating profit in the first half of 2024 and a substantial increase in its stock price since the appointment of CEO Huh Yoon-hong in 2023. Additionally, GS E&C is focusing on selective, profit-oriented orders in its core housing business and has secured contracts for major projects in Busan and Seoul. Looking ahead, the company plans to maintain its commitment to sustainable management by actively investing in building a strong portfolio and consolidating its position in the global market.