Heo Tae-soo, chairman of GS Group, gathered executives from key affiliates to review the group's future business strategies and essential execution tasks.
At the executive meeting on 16th, Heo noted, "The knowledge and data accumulated at every business site are our strongest assets," adding, "We must combine this asset with artificial intelligence (AI) and strengthen collaboration between subsidiaries to develop new business opportunities."
He went on to explain the evolution of AI technology, stating that physical AI would be a crucial turning point. Physical AI refers to technology that interacts with the physical environment.
Heo stated, "Physical AI is expected to address the concerns facing our industry, and quantum computing has been recognized as a technology that will change the landscape of the industry in the near future," adding, "If you are insensitive to technological changes, you do not qualify as an executive. You must understand the new world generated by technology and actively seek business opportunities." He further urged, "During this time of great change, do not view technology merely as a tool but place it at the center of your strategy, and critically ponder practical business transformation measures."
The meeting was attended by over 150 people, including Heo Tae-soo and the presidents and executives of key subsidiaries in GS Group. This meeting was organized to review the first-half business performance of each subsidiary and discuss the group's strategic direction in response to the global management environment, including ▲the remarkable growth of Chinese corporations ▲changes in the energy industry and demographic and social structures ▲the shift in technology paradigms.
During the meeting, examples of subsidiaries that developed digital services using AI technology were shared. Heo remarked, "We are developing an independent artificial intelligence transformation (AX) platform called 'MISO' and are accelerating the internalization of AI," adding, "Executives must provide support for members to implement various actions."
Instructions regarding mergers and acquisitions (M&A) and venture investments followed. Heo stated, "We are continuously reviewing various M&As at the group level, but now a more strategic and actionable approach is needed. Pursue meaningful deals for future growth and strengthen strategic ties with the venture ecosystem to establish a new growth foundation for GS."