LG CNS has launched a joint venture with Sinarmas Group in Indonesia, aimed at delivering innovative IT services and solutions in a rapidly growing market.

Target Information

LG CNS has established a joint venture with the Sinarmas Group, officially known as 'LG Sinarmas Technology Solutions', in Jakarta, Indonesia. The announcement was made during an inaugural ceremony held on October 10, attended by key figures including LG CNS CEO Hyun Shin-kyun and Sinarmas Group Chairman Franky Oesman Widjaja. With a focus on leveraging LG CNS's digital transformation expertise alongside Sinarmas's robust operational capabilities, the joint venture aims to penetrate the Indonesian IT market effectively.

Previously, a memorandum of understanding was signed on March 27 in Seoul, marking the foundation for their collaboration. LG Sinarmas intends to position itself as Indonesia's most trusted innovative IT service provider, promoting a range of advanced solutions such as data center consulting, construction, operational management, and cloud transitions.

Industry Overview in Indonesia

The Indonesian IT industry is experiencing rapid growth, with projections indicating a market value of approximately IDR 94 trillion by 2027, according to global consulting firm Ga