[CES 2024] Heo Tae-su Heads Straight to GS Futures After CES Visit... Focus on AI and Eco-Friendly Technologies

Checking Investments in New Businesses such as Robots, Industrial Bio, and CCUS

GS Group Chairman Huh Tae-soo is visiting the world's largest electronics and IT exhibition CES in Las Vegas, USA, followed by a visit to GS Futures, a venture investment corporation (CVC) located in San Francisco.

On the 9th (local time), Chairman Huh attended CES and encouraged GS affiliates to accelerate their future businesses based on new technologies. On the following day, the 10th, he plans to thoroughly explore exhibition halls not only of domestic companies such as Samsung Electronics, Hyundai Motor, and LG Electronics but also global companies and startups including Google, Intel, Amazon, and Siemens. He will examine how technologies like artificial intelligence (AI) and robotics are transforming the energy, distribution, and construction industries.

Immediately after attending CES, Chairman Huh will move to San Francisco to visit GS Futures. He will review trends in new technology investments and commercialization in the North American region. GS Group explained that Chairman Huh’s visit to GS Futures signifies the intention to connect the new technologies and investment capabilities explored through GS Futures to GS Group’s future businesses.

On the 9th (local time), Huh Tae-soo, Chairman of GS Group, is touring the site of CES, the world's largest electronics and IT exhibition. Photo by GS

Chairman Huh established GS Futures shortly after his inauguration in 2020. Through GS Futures, he has consistently explored and invested in new technologies centered around the North American region, including Silicon Valley. To date, there have been about 70 investment cases, amounting to 120 million US dollars.

Investments related to industrial bio and carbon capture, utilization, and storage (CCUS) such as Zymochem (technology optimizing biochemical production metabolism), Geltor (synthetic protein manufacturing technology), and Heirloom (carbon capture utilization technology) support GS Group’s eco-friendly new businesses.

Recently, by investing in Articul8, a spin-off from Intel’s AI division, GS Group is also focusing on business innovation through generative AI.

Earlier, at this year’s New Year executive meeting, Chairman Huh said, “Fundamental changes in the business environment or new business opportunities that were not visible during smooth times become clearer during difficult periods,” and added, “Rather than defensively responding to economic downturns or worsening business conditions, let us use them as opportunities to create future new businesses.” He also stated, “This is a time of opportunity for the new businesses that GS has steadily prepared to take significant steps forward.”

On the 9th (local time), Huh Tae-soo, Chairman of GS Group, is touring the site of CES, the world's largest electronics and IT exhibition. Photo by GS