LG CNS Sells Electronic Tax System to Lao Government

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LG CNS, the IT solutions arm of LG Group and one of the Korea’s leading IT service providers in the e-Government sector, is accelerating its inroads into the overseas market along with visible results.  

LG CNS said on Dec. 6 that it has won a project worth 26 billion won (US$23 million) to build up a new tax revenue information system (TaxLIS) in Laos, following its receiving of the electronic library system order from the Uzbekistan government in September this year.

The Tax RIS, one of the 12 tasks for the Lao government’s electronic tax system establishment plan, is to digitize the nation’s entire tax administration works with an aim to launch in 2020.

LG CNS will help the Lao government digitalize tax-related works and set up related infrastructure such as servers, networks and data centers while providing the government’s tax workers with some training on the e-Government system.

Starting with getting the order of e-Government system for the National Police Agency of Indonesia in 2006, LG CNS has won 40 e-Government system orders, leading its cumulative export volume to US$210 million.

LG CNS’ major exports of e-Government include a 74.4 billion won (US$66 million) deal in 2009 to build an integrated finance information system for the Indonesian Ministry of Finance and a 13.4 billion won (US$12 million) deal signed in October this year to build an ICT-based digital library system in Uzbekistan.

“We will continue to help overseas countries build up the most fitting and effective e-government systems for themselves and transfer Korea’s internet technology and know-hows to them,” LG CNS CEO Kim Young-shub said.

In the meantime, LG CNS is preparing the additional e-Government projects for the governments of Uzbekistan and Bahrain, which is expected to raise its overseas portion of the total annual revenue to 20 percent this year. The portion in 2010 was 10 percent.

Source: Business Korea

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