LG CNS and Igis Asset Management Collaborate to Develop Cloud Data Centers

LG CNS and Igis Asset Management have signed a memorandum of understanding (MoU) to collaborate on a series of new business initiatives, including the expansion of their cloud data center footprint in both domestic and international markets.


  • LG CNS and Igis Asset Management will expand their cloud data center footprint in both domestic and international markets.
  • Expansion into Asian data center market through collaboration with Igis Asia.
  • Strategic partnership to maximize asset value in real estate and infrastructure projects.

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LG CNS and Aegis Asset Management Collaborate to Develop Cloud Data Centers
LG CNS, a digital transformation (DX) company, has signed a memorandum of understanding (MoU) with Igis Asset Management for a series of new business initiatives. Under the MoU, LG CNS and Igis Asset Management plan to expand their footprint in cloud data centres, targeting both domestic and international markets.

Also Read: Princeton Digital Group Unveils 22 MW Hyperscale Data Center in Greater Jakarta

Collaborative Cloud Data Center Venture

Both companies aim to construct cloud data centres, enhance customer acquisition strategies, establish city-based logistics centres, and expand new cloud-based business offerings.

According to the joint statement, the two companies will cooperate with the data centre business first and strengthen the cloud service base through LG CNS's DX technology capabilities and Igis Asset Management's investment assets.

Also Read: CapitaLand Commences Development of 40 MW Data Centre in Hyderabad

LG CNS's DX Capabilities

LG CNS said that with over 30 years of experience in cloud data centre design, construction, and operation, the company provides "Total Life-Cycle Care" solutions across the data centre, from site selection to business evaluation, consulting, design, construction, operations, and services for rental clients.

The statement noted that LG CNS opened the Incheon data centre, the first dedicated data centre building in Korea, in 1992, and operates its own data centres in four places in Korea, including Sangam, Busan, and Gasan. The company also operates data centres at three global locations in the Americas, Europe, and China.

LG CNS also operates the Korean Region of a global Cloud Service Provider (CSP), a region which holds multiple (about two to three) data centres that are built to provide stable cloud services.

Also Read: EdgeConneX Secures USD 403.8 Million Financing to Expand Data Centers in Jakarta

Global Data Center Expansion

"The two companies are currently working together to build large domestic data centres such as Hanam Data Center and Samsong Data Center and plan to expand the global data centre construction business based on LG CNS's overseas business partnership, data centre operation know-how by country, Igis Asset Management's global network and capital power. In particular, through collaboration with Singapore-based Igis Asia, LG CNS will also actively enter the data centre business in Asia," the statement noted.

Maximising Asset Value

This strategic collaboration seeks to combine LG CNS's DX capabilities, including cloud data centres and MFCs (Micro Fulfilment Centres), with the investment expertise and knowledge of Igis Asset Management, Korea's largest real estate asset management firm.

Also Read: Macquarie Capital and Partners Invest in KevlinX for European Data Center Expansion

Both companies are said to be determined to shape the future of real estate and infrastructure projects, including data centres and logistics centres, to maximize the value of their assets.

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Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

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