LG CNS
Encyclopedia
LG CNS is a subsidiary of the LG Group
founded in 1987 that provides information technology services including consulting, System Integration, Network Integration, Business Process Outsourcing
, and Information Technology Outsourcing
. Originally, LG CNS only focused on computer engineering such as designing, developing and operating computer network systems for LG Group
. Then, the firm expanded its target customers from LG Group
to other private organizations and governments. LG CNS also focuses on global markets running worldwide development centers and has overseas subsidiaries. Currently, LG CNS “is Korea’s largest IT service provider and has implemented a number of large-scale public IT infrastructure projects and played a major role in the Korean government's e-Korea initiative.”
LG Group
LG Corp. is the second-largest South Korean conglomerate company following Samsung, and it is headquartered in the LG Twin Towers in Yeouido-dong, Yeongdeungpo-gu, Seoul. LG produces electronics, chemicals, and telecommunications products and operates subsidiaries like LG Electronics, LG Display,...
founded in 1987 that provides information technology services including consulting, System Integration, Network Integration, Business Process Outsourcing
Business process outsourcing
Business process outsourcing is a subset of outsourcing that involves the contracting of the operations and responsibilities of specific business functions to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca Cola that outsourced large segments...
, and Information Technology Outsourcing
Information Technology Outsourcing
Information technology outsourcing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies...
. Originally, LG CNS only focused on computer engineering such as designing, developing and operating computer network systems for LG Group
LG Group
LG Corp. is the second-largest South Korean conglomerate company following Samsung, and it is headquartered in the LG Twin Towers in Yeouido-dong, Yeongdeungpo-gu, Seoul. LG produces electronics, chemicals, and telecommunications products and operates subsidiaries like LG Electronics, LG Display,...
. Then, the firm expanded its target customers from LG Group
LG Group
LG Corp. is the second-largest South Korean conglomerate company following Samsung, and it is headquartered in the LG Twin Towers in Yeouido-dong, Yeongdeungpo-gu, Seoul. LG produces electronics, chemicals, and telecommunications products and operates subsidiaries like LG Electronics, LG Display,...
to other private organizations and governments. LG CNS also focuses on global markets running worldwide development centers and has overseas subsidiaries. Currently, LG CNS “is Korea’s largest IT service provider and has implemented a number of large-scale public IT infrastructure projects and played a major role in the Korean government's e-Korea initiative.”
Globalization
The former CEO of LG CNS, Shin Chae-chol, said "The Korean market constitutes a small percentage of the total global market. I think that unfettered expansion and cutthroat competition in the domestic medical market is meaningless. We plan to expand the scope of overseas projects centering on seven overseas branches in China, Southeast Asia, and the United States." According to the CEO’s expectation, LG CNS has expanded to 7 overseas subsidiary companies and development centers in China, India, U.S.A., the Netherlands, Indonesia, Brazil, Singapore and Japan. Overseas sales from LG CNS subsidiaries exceeded more than “200 billion won in 2007, focusing to realize its 2008 sales goal of 230 billion won in overseas markets.”CSR (Corporate Social Responsibility)
CSR is becoming increasingly important to entrepreneurs since doing CSR is the way to affirm principles and values of companies. LG CNS has also been doing CSR since its establishment. LG CNS IT Dream Project is the annual event which is designed for students in welfare institutions to cheer them up by inspiring them in for IT. Also, the company regularly hold an in-house bazaar to help handicapped children and women. Fruthermore, “from 1995 to 2008, LG CNS has helped 628 sight-impaired people to have eyesight recovery operations. Not only these three events, but also many other CRS related event have done by LG CNS.”.See also
- Electronic Data SystemsElectronic Data SystemsHP Enterprise Services is the global business and technology services division of Hewlett Packard's HP Enterprise Business strategic business unit. It was formed by the combination of HP's legacy services consulting and outsourcing business and the integration of acquired Electronic Data Systems,...
(EDS) - the company that participated joint venture of STM, root company of LG CNS - List of Korean companies
- List of Korea-related topics