View source for LG CNS

{{Short description|South Korean technology company}}
{{Infobox company
| name                = LG CNS Co., Ltd.
| logo                = LGCNS Signature.png
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| native_name         = 주식회사 엘지씨엔에스
| native_name_lang    = ko
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| type                = [[Public company|Public]]
| traded_as           = {{kse|064400}}
| ISIN                = <!-- {{ISIN|sl=n|pl=y|...}} -->
| industry            = [[Information technology]] 
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| founded             = {{Start date and age|1987|01|}}
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| hq_location_city    = [[Seoul]]
| hq_location_country = South Korea
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| owner               = [[LG]] (49.95%)
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'''LG CNS Co., Ltd.''' ({{Korean |hangul=주식회사 엘지씨엔에스}}) is a South Korean [[technology company]] offering services in [[artificial intelligence]], [[cloud computing]] and [[system integration]]. 

==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.<ref>{{cite news |last=Kang |first=John |date=February 5, 2025 |title=LG’s IT Services Affiliate Slumps In Seoul Debut After $825 Million IPO |url=https://www.forbes.com/sites/johnkang/2025/02/05/lgs-it-services-affiliate-slumps-in-seoul-debut-after-825-million-ipo/ |work=Forbes |location= |publisher= |access-date=}}</ref><ref>{{cite book |last1=Gan |first1=Benjamin Kok Siew |last2=Lee |first2=Jae Kyu |last3=Sethi |first3=Vijay |date= |title=Premier E-business Cases from Asia Problem, Solution, Challenge, Impact Approach |url= |location= |publisher=[[Pearson Prentice Hall]] |page=192 |isbn=9789810676902 |access-date=}}</ref>

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 [[chaebol]]s for allegedly benefiting founding families by over-relying on outsourcing contracts and directing work to subsidiaries and affiliates.<ref>{{cite news |last1=Yang |first1=Heekyong |last2=Jin |first2=Hyunjoo |date=November 6, 2019 |title=South Korea's LG picks Macquarie Asset as preferred bidder for stake in IT unit |url=https://www.reuters.com/article/markets/asia/south-koreas-lg-picks-macquarie-asset-as-preferred-bidder-for-stake-in-it-unit-idUSKBN1XG1CV/ |work=Reuters |location=Seoul |publisher= |access-date=}}</ref><ref>{{cite news |last=Baek |first=Byung-yeul |date=November 19, 2018 |title=LG Group moving to reduce intra-group dealings |url=https://www.koreatimes.co.kr/www/tech/2025/02/129_258945.html |work=[[The Korea Times]] |location= |publisher= |access-date=}}</ref> 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.<ref>{{cite news |last1=Murdoch |first1=Scott |last2=Lee |first2=Joyce |date=February 5, 2025 |title=Tokyo tech IPO soars but Seoul deal tanks 10% in volatile Asian markets |url=https://www.reuters.com/technology/skorean-tech-services-firm-lg-cns-falls-stock-market-debut-2025-02-05/ |work=Reuters |location=Sydney/Seoul |publisher= |access-date=}}</ref><ref>{{cite news |last=Nam |first=Hyun-woo |date=October 6, 2024 |title=LG CNS seeks $5.9 bil. IPO, aims for early 2025 listing |url=https://www.koreatimes.co.kr/www/tech/2025/01/129_383694.html |work=The Korea Times |location= |publisher= |access-date=}}</ref>

==See also==
* [[List of IT consulting firms]]

==References==
{{reflist}}

==External links==
* {{Official website|https://www.lgcns.com/en/}}
* {{Finance links
|name= LG CNS
|google= 064400:KRX
|yahoo= 064400.KS
|reuters= 064400.KS
|sec_cik= 
}}

{{LG Corporation}}
{{Authority control}}

[[Category:LG Corporation]]
[[Category:Companies listed on the Korea Exchange]]
[[Category:South Korean companies established in 1987]]
[[Category:Outsourcing companies]]