<p>LG CNS, a technological arm of the South Korean conglomerate LG Group, <a href="https://www.lgcns.com/pr/news/49612/" rel="noopener noreferrer nofollow">has signed</a> a memorandum of understanding (MOU) with New York City and the American Chamber of Commerce in Korea (AMCHAM Korea). This agreement, signed at New York City Hall, focuses on collaboration for digital transformation, also popularly referred to as DX. Among those present at the signing were NYC Mayor Eric Adams, LG CNS’ CEO Hyun Shin-gyoon and AMCHAM Korea’s CEO James Kim.</p><h2 id="header-0">Student internship and M/WBE support</h2><p>Under the MOU, the three entities will forge a technology partnership, focusing on the implementation of cutting-edge DX technologies like artificial intelligence (AI), digital twins, the Internet of Things (IoT) and blockchain in the city. Additionally, they’ll provide internship programs for college students and extend support to NYC’s Minority and Women-owned Business Enterprises (M/WBE).</p><h2 id="header-1">Expansion in North America</h2><p>The partnership is expected to position LG CNS for broader expansion in North America, particularly in smart city infrastructure, electronic government and cloud computing. After in-depth discussions with NYC and AMCHAM Korea, the Korean tech company will also consider establishing a local branch in New York City. This move aims to reinforce LG CNS’s collaboration with the two partners.</p><p>Mayor Adams remarked on the collaborative effort, stating that the MOU signifies an important step forward as it will offer outstanding training and opportunities for residents across all five boroughs of the city. He also expressed his anticipation about welcoming LG CNS to New York City.</p><p>Meanwhile, CEO Hyun highlighted that LG CNS plans to leverage this strategic partnership to support the sustainable growth of New York City by utilizing innovative DX technology.</p>

LG CNS to leverage blockchain for digital transformation in New York City

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