LG CNS and Igis 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.

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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.

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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.