Huh Tae-soo, GS Chairman, "Let's Create Value Using AI"

GS Group Holds AI and Digital Council Meeting with Full Executive Attendance
Discussions on Work Efficiency, Business Transformation, and Future Technologies

Chairman Huh Tae-soo of GS Group, along with top executives and about 80 officers, gathered in one place to explore business development directions through artificial intelligence (AI) and digital technologies. The meeting aimed not only to improve work methods but also to devise measures to prepare for the era of innovative technologies.

According to GS Group on the 13th, Chairman Huh and the management held an AI·Digital Council the previous afternoon at the Gran Seoul Building in Jongno-gu, Seoul. The AI·Digital Council is a forum to share the group's changes, listen to lectures from internal and external speakers, and then establish future strategies. This is the first time since the New Year's executive meeting this year that all presidents and management from each affiliate gathered in one place.

Huh Tae-soo, Chairman of GS Group (Photo by GS Group)

GS Group is promoting a comprehensive leap in its business model through AI and digital technologies. This includes internal reforms such as partnering with the global collaboration tool Notion and building an AI knowledge hub.

At this council, GS Power and GS E&R presented how they are applying AI on-site through different cases. GS Power has built a platform that allows a comprehensive view of the vast amount of data generated at each power plant. This enables the collection of highly reliable data, which is expected to be utilized for machine learning and other applications in the future.

GS E&R is accelerating its transition to eco-friendly energy business by independently developing a wind power generation forecasting solution. By reflecting various meteorological variables such as the characteristics of complex mountainous terrain, wind speed, temperature, and atmospheric pressure, it succeeded in lowering the wind power generation forecast error rate to below 10%, the first in the industry.

In particular, the council expanded its topics to include quantum computers and held broad discussions. Quantum computers, which use the principles of quantum mechanics, are called “dream technology” due to their dramatically faster computation speeds.

They invited Yoon Ji-won, CEO of the quantum technology startup SDT, as a speaker to hear a lecture on the technological advances and future of quantum computers and discussed strategies to find business areas that could utilize this technology in the future.

The executives agreed that once quantum computers become commercialized, they will be game changers that bring innovation to the industry, similar to AI. They also reached a consensus that QX (Quantum Transformation) will be necessary for the group companies engaged in refining, petroleum, power generation, and construction businesses.

Chairman Huh said, "Although we do not develop products like AI semiconductors, if we properly manage the data we have as assets and achieve business transformation using AI to create new value, we can become true winners beyond technology."