GS 4th Generation Heo Seo-hong Executive Director Moves from Energy to Holding Company

[Asia Economy Reporter Park So-yeon] Heo Seo-hong, Executive Director (43) of GS Energy and a '4th generation business leader' within the GS Group, has moved to the holding company, GS Corporation.

According to the Financial Supervisory Service's electronic disclosure on the 29th, Executive Director Heo was appointed as a non-registered executive of GS Corporation on the same day. He is expected to be in charge of new business and management planning.

Executive Director Heo is the eldest son of Heo Kwang-soo, Chairman of Samyang International, and the fifth cousin of Heo Tae-soo, Chairman of GS Group. He is also a major shareholder holding 1.97% of GS Corporation's shares. Among the 4th generation business leaders of GS Group, he is considered a next-generation leader along with Heo Se-hong, President of GS Caltex, and Heo Yoon-hong, President of GS Construction.

A GS Group official explained, "Executive Director Heo is scheduled to start work after the Chuseok holiday, so it has not yet been decided what role he will take on."

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