LG CNS
LG CNS Launches Joint Venture in Uzbekistan
2015.11.02LG CNS launched a joint venture on the 14th of September in Uzbekistan which was at the center of the Silk Road in the past and is known to be a leading power in Central Asia. The company focuses on the Information and Communications Technology (ICT) with the Ministry of Development of Information Technologies and Communications (MDITC) in the Republic of Uzbekistan.
The formal name of the joint venture is LG CNS Uzbekistan LLC (LG CNS Uzbekistan). LG CNS has 51% of the shares for the joint venture and also, Uztelecom and Unicon, which are publicly owned companies under MDITC, have 29% and 20% of the shares respectively.
The launching ceremony of the joint venture was held in the LG CNS Uzbekistan office at the International Business Centre in Tashkent, Uzbekistan. LG CNS CEO (Dae Hoon Kim), managing director (Jin Koog Park), the joint venture president (Jong Gu Choi) attended the ceremony. Also, the minister for MDITC (Khurshid Mirzakhidov), the vice minister for MDITC (Nam-sok Kim) and Unicon CEO (Khislat P. Khasanov).
LG CNS Uzbekistan will carry out ICT businesses requested by Uzbekistan MDITC, which manages ICT businesses in public and private sectors in the country. The company is currently implementing the corporate/individual database system after receiving the order from MDITC and will also plan to work on various projects for e-Government.
Based on the solid cooperation, MDITC and LG CNS both agreed to expand their cooperation in the smart technology fields such as solar power plant and smart green city.
The company is the result of both the Uzbekistan government’s effort to attract advanced ICT companies to foster the local ICT industry and the LG CNS’ effort to produce good results in overseas businesses.
LG CNS has successfully implemented the Korean electronic government, such as the registration system of the Supreme Court, and is equipped with the world-class[1] expertise and technology in the implementation of electronic government. Based on these expertise and technology, LG CNS has actively explored ways to venture into the overseas markets.
LG CNS offered technology transfer and nurturing of ICT experts to the Uzbekistan government. The Uzbekistan government issued a president’s resolution to provide tax and tariff benefits and negotiation rights to the joint venture.
The items of technology transfer include LG CNS’ work processes, methodologies, IT business systems, training programs and solutions.
Also, the Korean government provided direct and indirect support for the establishment of the joint venture.
LG CNS has held training on the electronic government implementation since 2005 for the ICT personnel from different countries including Uzbekistan through the “International Administration Information Management” course co-offered by the Central Officials Training Institute and the Korea International Cooperation Agency (KOICA).
Also, LG CNS accompanied the Korean president Geun-hye Park in June, 2014 when she visited Uzbekistan, and signed an MOU with the Uzbekistan government on the establishment of the joint venture, on which both governments showed keen interest.
The formal name of the joint venture is LG CNS Uzbekistan LLC (LG CNS Uzbekistan). LG CNS has 51% of the shares for the joint venture and also, Uztelecom and Unicon, which are publicly owned companies under MDITC, have 29% and 20% of the shares respectively.
The launching ceremony of the joint venture was held in the LG CNS Uzbekistan office at the International Business Centre in Tashkent, Uzbekistan. LG CNS CEO (Dae Hoon Kim), managing director (Jin Koog Park), the joint venture president (Jong Gu Choi) attended the ceremony. Also, the minister for MDITC (Khurshid Mirzakhidov), the vice minister for MDITC (Nam-sok Kim) and Unicon CEO (Khislat P. Khasanov).
LG CNS Uzbekistan will carry out ICT businesses requested by Uzbekistan MDITC, which manages ICT businesses in public and private sectors in the country. The company is currently implementing the corporate/individual database system after receiving the order from MDITC and will also plan to work on various projects for e-Government.
Based on the solid cooperation, MDITC and LG CNS both agreed to expand their cooperation in the smart technology fields such as solar power plant and smart green city.
The company is the result of both the Uzbekistan government’s effort to attract advanced ICT companies to foster the local ICT industry and the LG CNS’ effort to produce good results in overseas businesses.
LG CNS has successfully implemented the Korean electronic government, such as the registration system of the Supreme Court, and is equipped with the world-class[1] expertise and technology in the implementation of electronic government. Based on these expertise and technology, LG CNS has actively explored ways to venture into the overseas markets.
LG CNS offered technology transfer and nurturing of ICT experts to the Uzbekistan government. The Uzbekistan government issued a president’s resolution to provide tax and tariff benefits and negotiation rights to the joint venture.
The items of technology transfer include LG CNS’ work processes, methodologies, IT business systems, training programs and solutions.
Also, the Korean government provided direct and indirect support for the establishment of the joint venture.
LG CNS has held training on the electronic government implementation since 2005 for the ICT personnel from different countries including Uzbekistan through the “International Administration Information Management” course co-offered by the Central Officials Training Institute and the Korea International Cooperation Agency (KOICA).
Also, LG CNS accompanied the Korean president Geun-hye Park in June, 2014 when she visited Uzbekistan, and signed an MOU with the Uzbekistan government on the establishment of the joint venture, on which both governments showed keen interest.
