GS Global Corporation agreed to acquire an additional 5.3% stake in GS Entec Corp. for KRW 23.6 billion.

GS Global Corp. is a Korea-based trading company specialized in the export, import and triangular trade activities. The Company operates its business mainly through steel and metal segment, and resource and commodities segment. Its steel and metal segment imports, exports and trades steel and metal products sourced from the domestic and overseas manufacturers. Its resource and commodities segment imports, exports and trades petroleum products, petrochemicals, cement, coal, engines and other machines and industrial plants. It also provides inspection, storage and maintenance services for imported cars. In addition, through its subsidiaries, it engages in the manufacture of industrial equipment, including chemical equipment, such as heat exchangers, pressure vessels, columns, towers, reactors and others, and energy equipment, such as heat recovery steam generators, steam drums, condensers and others.