LG CNS announced on Feb. 17 that it signed a strategic agreement with Amazon Web Services (AWS) on the cloud business at its headquarters in Magok LG Science Park on Feb. 15.
A signing ceremony was held with the attendance of Kim Young-seop, president of LG CNS; Hyun Shin-kyun, CTO and vice president of LG CNS; Lee Jae-sung, vice president and head of the High-tech Business Division at LG CNS; Choi Moon-keun, director of the Cloud and Service Business Division at LG CNS; Ed Lenta, managing director of Asia-Pacific at AWS; and Jang Jeong-wook, head of AWS Korea.
LG CNS and AWS saw eye to eye on jointly developing and launching a transition program to help Korean companies effectively introduce cloud platforms. AWS's global infrastructure and service expertise will combine with LG CNS’s know-how in building and running IT systems in Korea to help Korean companies implement strategies to switch to cloud computing that match their existing system operations.
In particular, LG CNS will introduce AWS's "50 in 50 Conversion Program" for the first time in Korea. The program helps a company convert 50 applications into cloud services in 50 days. The initiative will be applied to converting some of LG CNS's systems into cloud services first, and then will spread to Korean companies including LG Group affiliates.
The two also agreed to cooperate in tapping into the Asian market. To this end, they will cooperate in the development of solutions for 5G, artificial intelligence (AI), the internet of things (IoT) and smart factories among others.
The partnership between the two is nothing new. The two companies already expanded cooperation in the cloud sector in 2017. Last year, LG CNS has been awarded a project worth 200 billion won to convert Korean Air's enterprise system into an AWS cloud. In January of this year, they developed a Korean financial cloud model jointly and are providing services based on it.