LG CNS, the IT solutions unit of LG Group, said Tuesday that its cumulative export volume has surpassed $200 million, led by its success in deploying its flagship e-government system technologies to countries around the world.
E-government, which stands for “electronic government,” refers to the use of information and communications technologies to improve the activities of public sector organizations, including those in the tax, real estate and administrative services.
LG CNS said that it has scored a new project worth 26 billion won ($22.2 million) to build up a new tax revenue information system in Laos to help the government better manage the country’s tax records.
The latest deal — which stands as one of 40 similar e-government system orders won by LG CNS over the past decade — raised the LG unit’s cumulative export volume to $210 million, it said.
Some of its major past projects include a 74.4 billion won deal signed in 2009 to build an integrated finance information system for the Indonesian Ministry of Finance and a 13.4 billion won deal signed in October this year to build an ICT-based digital library system in Uzbekistan.
The string of projects have raised the overseas portion of LG CNS’ annual revenue to 20 percent in 2016, a stark improvement from just 10 percent recorded in 2010, the company said.
“We will continue to build up the most fitting and effective e-government systems for differing countries and hand down Korea’s internet technology know-hows to them,” LG CNS CEO Kim Young-shub said in a statement.
By Sohn Ji-young (
jys@heraldcorp.com)
