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GS caltex business model
GS Caltex is a South Korean oil refiner. The company changed its name from LG-Caltex Oil Corporation to GS Caltex Corporation on January 27, 2006. It is jointly owned by Chevron and GS Group. GS Caltex provides more than one-third of Korea’s oil needs and exports over 50% of its products. The Company's line of business includes the wholesale distribution of petroleum and petroleum products.