LG CNS expediting e-gov't business overseas

By Yoon Sung-won

LG CNS said Tuesday it has generated more than $210 million in the sales of e-government system services in overseas markets.

The company stressed that this is the largest business deal so far for a Korean system integration service provider.

According to LG CNS, it signed a deal with the Laotian government in October to establish a tax revenue information system (TaxRIS).

Following another e-government system service contract the company has signed with Uzbekistan in September to build an electronic library in the Central Asian country, it is aggressively pushing to expand overseas sales.

“We will continue to establish e-government systems tailor-made for each country, helping the governments boost administrative efficiency,” LG CNS CEO Kim Young-sub said in a statement.

LG CNS established a joint venture with the Uzbekistan government in 2015 to set up an integrated government platform and database, and an electronic library system as well as a national geographic information system.

TaxRIS is ones of the Laotian government’s 12 national projects to improve its taxation system. The Laotian government has poured 26 billion won into this project. For the deal, LG CNS has worked with Korea’s National Tax Service.

So far, Laos has not had a system to manage the database for its national taxation system. For this reason, the country’s public officials have had to perform national tax administration manually.

With the new electronic system, it will be able to streamline and standardize tax administration to boost efficiency, LG CNS said.

Meanwhile, the company said it is also pushing for additional e-government service deals with Uzbekistan and Bahrain. It expects to increase its overseas sales ratio to its total annual revenue to over 20 percent this year.