The Korea Times
A surge in artificial intelligence (AI) and cloud computing demand helped LG CNS to achieve solid first-quarter earnings growth, underscoring how deeply digital transformation is reshaping Korea’s corporate landscape. LG CNS, led by CEO Hyun Shin-gyoon, said Wednesday it achieved sales of 1.31 trillion won ($882 million) for the January-March period, with operating profit reaching 94.2 billion won. Sales rose 8.6 percent from a year earlier, while operating profit climbed 19.4 percent. The information technology service arm of LG Group reported that its AI and cloud division continued to serve as its primary growth engine, generating 765.4 billion won in sales. The segment, which accounts for approximately 58 percent of the company's total revenue, saw its sales climb 6.7 percent compared with the previous year. The growth was bolstered by broad demand across diverse sectors, including the public sphere, finance, manufacturing and pharmaceuticals, as well as the shipbuilding and defense industries. LG CNS said it broadened its portfolio by deploying autonomous AI systems, a technology
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