Shares of GS Group affiliates surged following news of their participation in the East Sea gas field development project. GS Global soared to the upper limit after GS Energy, an unlisted company, was reported to have attended the 'Great Whale Strategy Meeting,' while GS showed a rise of over 20%.
As of 3:25 PM on the 21st in the stock market, GS was trading at 53,600 KRW, up 20.85% from the previous day. Its affiliate GS Global surged 29.96%, hitting the upper price limit. GS Preferred Shares, GS우, also showed an upward trend of more than 10%.
On the same afternoon, the Ministry of Trade, Industry and Energy held the 'East Sea Deepwater Gas Field Development Strategy Meeting' chaired by Minister Andeok Geun. It was reported that three private energy experts from POSCO International, SK E&S, and GS Energy participated as private companies.
GS Energy is a 100% subsidiary of GS. Within the group, GS Energy is responsible for new energy technologies and overseas resource development investments. GS Global has also invested in overseas resource development alongside GS Energy.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
