LG CNS

LG CNS Co., Ltd.
Native name
주식회사 엘지씨엔에스
TypePublic
KRX: 064400
IndustryInformation technology
FoundedJanuary 1987; 39 years ago (1987-01)
Headquarters,
South Korea
OwnerLG (49.95%)
Websitelgcns.com

LG CNS Co., Ltd. (Korean: 주식회사 엘지씨엔에스) is a South Korean technology company offering services in artificial intelligence, robotics, cloud computing, smart factories, smart logistics, system integration, and IT Outsourcing (ITO).

History

LG CNS was founded in 1987 as System Technology Management (STM), a 50:50 joint venture between LG and Electronic Data Systems. In 1995, the company was renamed LG-EDS System as part of LG Group's corporate identity integration project. After LG acquired all of EDS's shares, the company changed its name to LG CNS in January 2002.

In 2019, LG sold a 35% stake in LG CNS to Macquarie Group for 1 trillion won (US$865 million). This sale occurred amid growing criticism of South Korea's chaebols for allegedly benefiting founding families by over-relying on outsourcing contracts and directing work to subsidiaries and affiliates. Macquarie acquired the stake in LG CNS with the condition that LG would list the company by April 2025. As a result, LG CNS debuted on the market in February 2025. On January 28, 2026, Macquarie divested its remaining 8.3% stake in the company through a block deal.

Business

See also

References

  1. ↑ Kang, John (February 5, 2025). "LG's IT Services Affiliate Slumps In Seoul Debut After $825 Million IPO". Forbes.
  2. ↑ Gan, Benjamin Kok Siew; Lee, Jae Kyu; Sethi, Vijay (2007). Premier E-business Cases from Asia Problem, Solution, Challenge, Impact Approach. Pearson Prentice Hall. p. 192. ISBN 9789810676902.
  3. ↑ Yang, Heekyong; Jin, Hyunjoo (November 6, 2019). "South Korea's LG picks Macquarie Asset as preferred bidder for stake in IT unit". Reuters. Seoul.
  4. ↑ Baek, Byung-yeul (November 19, 2018). "LG Group moving to reduce intra-group dealings". The Korea Times.
  5. ↑ Murdoch, Scott; Lee, Joyce (February 5, 2025). "Tokyo tech IPO soars but Seoul deal tanks 10% in volatile Asian markets". Reuters. Sydney/Seoul.
  6. ↑ Nam, Hyun-woo (October 6, 2024). "LG CNS seeks $5.9 bil. IPO, aims for early 2025 listing". The Korea Times.
  7. ↑ Neul-bit, Ha (2026-01-28). "Macquarie sells remaining 8.3% stake in LG CNS". The Korea Herald. Retrieved 2026-06-10.
  8. ↑ PRNEWSWIRE (2026-05-20). "LG CNS Expands North American AX Business, Supporting Smart Factory Transformation for SMEs". The Korea Herald. Retrieved 2026-06-10.
  9. ↑ "LG CNS becomes Honeywell's 1st Korean partner in AI smart factory - The Korea Times". www.koreatimes.co.kr. 2025-07-21. Retrieved 2026-06-10.
  10. ↑ "LG CNS showcases logistics robot operable at minus 26 degrees Celsius - The Korea Times". www.koreatimes.co.kr. 2026-04-15. Retrieved 2026-06-10.
  11. ↑ Ji-woo, Jeon (2026-04-09). "LG CNS unveils AI-driven ERP strategy with SAP". The Korea Herald. Retrieved 2026-06-10.
  12. ↑ PRNEWSWIRE (2025-05-22). "LG CNS showcases AI-Enhanced 'PerfecTwin ERP Edition' in the U.S. at SAP Sapphire 2025". The Korea Herald. Retrieved 2026-06-10.
  13. ↑ PRNEWSWIRE (2024-10-16). "LG CNS Introduces AI-Powered 'LG Optapex' to U.S. Advertising Market at Amazon Ads' unBoxed 2024 Event". The Korea Herald. Retrieved 2026-06-10.
  14. ↑ "LG CNS unveils full-stack agentic AI platform, services - The Korea Times". www.koreatimes.co.kr. Archived from the original on 2025-09-07. Retrieved 2026-06-10.
  15. ↑ "LG CNS codevelops own inference-optimized large language model with Cohere - The Korea Times". www.koreatimes.co.kr. 2025-07-10. Retrieved 2026-06-10.
  16. ↑ "LG CNS rides AI boom to achieve strong first-quarter earnings growth - The Korea Times". www.koreatimes.co.kr. 2026-04-30. Retrieved 2026-06-10.
  17. ↑ Ji-woo, Jeon (2026-06-09). "LG CNS adopts Anthropic's Claude across LG Group". The Korea Herald. Retrieved 2026-06-10.
  18. ↑ "LG CNS unveils PhysicalWorks to accelerate industrial robot deployment - The Korea Times". www.koreatimes.co.kr. 2026-05-07. Retrieved 2026-06-10.
  19. ↑ "LG CNS invests in US robotics firm to accelerate physical AI push - The Korea Times". www.koreatimes.co.kr. 2026-03-10. Retrieved 2026-06-10.
  20. ↑ "LG CNS to build Korea's 1st overseas AI data center - The Korea Times". www.koreatimes.co.kr. 2025-08-06. Retrieved 2026-06-10.
  21. ↑ Han-gyoul, Lee (2026-04-23). "LG CNS named Google Cloud Partner of the Year". The Korea Herald. Retrieved 2026-06-10.
  22. ↑ "AWS bets on multi-agent as next AI paradigm, unveils 2026 partner strategy - The Korea Times". www.koreatimes.co.kr. 2026-04-22. Retrieved 2026-06-10.