GS Retail Shareholders Meeting: "Building a Lifestyle Integrated Platform Covering Online and Offline"

Hyun Soo Heo Reappointed · Seong Rak Lee Appointed as Outside Director

On the morning of the 25th, Heo Yeon-su, Vice Chairman, is speaking at the GS Retail shareholders' meeting held at East Central Tower in Gangdong-gu, Seoul.

[Asia Economy Reporter Jeon Jinyoung] On the 25th, GS Retail announced at its shareholders' meeting that it will utilize big data and advance its IT infrastructure to build an integrated lifestyle platform encompassing both online and offline channels.

GS Retail held its shareholders' meeting that morning at East Central Tower in Gangdong-gu, Seoul, where it resolved ▲approval of financial statements ▲appointment of directors ▲appointment of outside directors as audit committee members ▲partial amendment of the articles of incorporation ▲approval of the limit on directors' remuneration, among other matters.

Vice Chairman Heo Yeonsu stated in his greeting, "GS Retail aims to organically connect shopping experiences across multiple channels based on the vast data accumulated through multichannel operations over many years, and to build an integrated lifestyle platform covering both online and offline." This is the same content as the letter sent to shareholders on the 17th.

To realize this, Vice Chairman Heo announced five strategic tasks: ▲building a customer data platform based on big data ▲data-driven product development and vertical integration of food manufacturing and distribution ▲providing seamless, customized services across shopping channels ▲advancing integrated logistics and IT infrastructure ▲securing growth engines through investment in future food businesses.

At the shareholders' meeting, GS Retail reappointed Vice Chairman Heo Yeonsu as an inside director and appointed Lee Seongrak, former CEO of Shinhan Life Insurance, as an outside director. A proposal to add an ESG (Environmental, Social, and Governance) committee within the board was also approved.

This content was produced with the assistance of AI translation services.