May 08, 2024
LG
LG CNS to supply tech for next-generational govt e-procurement system
[THE INVESTOR] LG CNS was selected as the most preferred bidder for a project to establish technological infrastructure for a next-generational e-procurement system by the Public Procurement Service, according to the firm on March 29.
Through the bid, the information technology arm of LG Corp. will be engaged in a project for information strategy planning, a first step to revamp the state-run e-procurement system, locally dubbed “Nara Jangteo.” LG CNS will provide its cutting-edge information and communication technologies, including cloud storage models.
The winning of the bid heightened the possibility of LG CNS being chosen for a 50 billion won (US$46.9 million) bid early next year to overhaul the system, according to LG CNS.
Korea’s e-procurement system is estimated to have processed bids worth a combined 87 trillion won each year.
By Son Ji-hyoung/The Korea Herald (consnow@heraldcorp.com)
Through the bid, the information technology arm of LG Corp. will be engaged in a project for information strategy planning, a first step to revamp the state-run e-procurement system, locally dubbed “Nara Jangteo.” LG CNS will provide its cutting-edge information and communication technologies, including cloud storage models.
The winning of the bid heightened the possibility of LG CNS being chosen for a 50 billion won (US$46.9 million) bid early next year to overhaul the system, according to LG CNS.
Korea’s e-procurement system is estimated to have processed bids worth a combined 87 trillion won each year.
By Son Ji-hyoung/The Korea Herald (consnow@heraldcorp.com)
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