GS CHAIRMAN SEEKS COOPERATION WITH ARMENIA
By Yoon Ja-young

Korea Times
9/12/123_56621.html
Dec 3 2009

GS Group Chairman Huh Chang-soo met with Armenian lawmakers Thursday
to exchange ideas on the group’s projects in the country and measures
to build further cooperation.

The lawmakers, led by Armenian National Assembly Speaker Hovik
Abrahamyan, are visiting Korea on an invitation by Korean National
Assembly Speaker Kim Hyung-o.

The Armenian lawmakers visited GS Group headquarters in southern
Seoul to show their appreciation for the efforts of GS Engineering
& Construction in building a combined cycle power plant (CCPP) in
Yerevan, the country’s capital.

Currently, GS has completed 93.8 percent of the construction process,
and it is scheduled to be completed by April next year.

At the meeting, Huh underlined the cooperation between Armenia and GS
Group in the construction of infrastructure such as petrochemical and
power plants. The chairman, who has emphasized that global business
should be core growth engine of the group, has paid much attention to
the group’s projects overseas. GS Global, which was acquired in July,
is working as the control tower of the group’s overseas businesses,
searching out new business opportunities and turning GS into a truly
global business.

The Armenian national assembly speaker asked GS Group to do its best
for the successful completion of the CCPP, and added that the country
was positively considering GS’s participation in the construction of
a second one, for which the country plans to place an order in the
latter half of next year.

GS is preparing a consortium with Japan’s Mitsui to win the order
next year.