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www.expresscomputeronline.com WEEKLY INSIGHT FOR TECHNOLOGY PROFESSIONALS
17 January 2005  
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Home - Market - Article

LG arm sets-up development centre in Bangalore

LG CNS Global Pvt Ltd, the wholly-owned subsidiary of the South Korean IT services firm LG CNS Global, has set-up its software development centre in Bangalore to provide specialised services for enterprises outside the LG group.

The Indian facility, built at an investment of $2 million, has commenced operations with about 130 software engineers working on product re-engineering, system integration, application development, system management and enterprise services for overseas customers including those in Europe and the US. B C Jung, president and chief executive officer of LG CNS says, “We have decided to set up our eighth global software development centre in Bangalore to capitalise on the talent pool and the low-cost advantage. Salaries in India are five-times lower than in Korea.” The Bangalore facility of LG CNS will initially work for global corporations in the US and Europe and extend its services to the APAC region, including India. The centre will help the parent company to merge technical expertise with local talent in offering best-of-breed services to the company’s global clients.”

LG CNS Global, is targeting revenues of $30 million and is planning to increase its workforce from 130 to 800 employees by 2009. It intends to grow at about 80 percent annually to achieve its revenue target.

The company was founded in 1987 as a joint venture between LG and EDS. The $1.4 billion LG CNS (consulting, networking and solutions) is the top IT services company in South Korea with seven subsidiaries in Asia, Europe and North America and joint ventures in China and Japan. The parent company has expertise in areas such as RFID and mobile computing in diverse markets. Although the company is the sole IT service provider for the LG Group, more than 50 percent of its revenues are driven from non-affiliate customers in public, finance and manufacturing sectors.

 


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