GS Group Chairman Huh Chang-soo is retiring and passing the reins on to his youngest brother Huh Tae-soo.
The outgoing chairman said he has fulfilled his duty by establishing a stable foundation to turn GS Group into a global company.
He emphasized that now is a critical time to adjust to the rapidly changing business landscape with new leaders that can provide digital innovation.
GS Group says their new chairman Huh Tae-soo has been recognized as a next-generation leader for his success at the helm of GS Home Shopping.