Sinar Mas, a conglomerate that oversees various business sectors in Indonesia, and LG CNS, a leader in digital transformation from South Korea, have launched their business collaboration, LG Sinar Mas, a joint venture that provides cutting-edge information technology (IT) solutions and services across Indonesia.
LG Sinar Mas said in a statement on Tuesday that the first project to be undertaken by LG Sinar Mas is a data center in the Central Business District of Kuningan, South Jakarta.
This data center will be the first to be ready for artificial intelligence (AI) integration.
The project is expected to be valued at approximately IDR 10.7 trillion ($700 million) and is expected to be completed by 2027 on an 8,516 square meter plot of land, with the target users being Korean companies, particularly in the banking sector, as well as companies under the Sinar Mas umbrella.
According to the statement, LG CNS’s extensive experience in digital technology, combined with Sinar Mas’s deep knowledge and track record across various business sectors in Indonesia, is expected to meet the needs of the Indonesian market, which is accelerating its digital transformation and is projected to have a market value of approximately $7.1 billion by 2027.
This is reflected in LG Sinar Mas’s initial efforts, including the development and operation of a state-of-the-art data center and the provision of cloud migration services for businesses in Indonesia.
As part of its strategic and business roadmap, LG Sinar Mas will then expand its services to IT support for smart city development and financial services.
Several other digital-based initiatives, innovations, and partnerships within the Sinar Mas ecosystem will be showcased the end of September at ICE BSD City, South Tangerang.
According to the statement, the collaboration between Sinar Mas and LG CNS is expected to position LG Sinar Mas as a major player in Indonesia’s technology landscape, contributing to industrialization and economic growth while improving the quality of life for Indonesians through user-oriented technology.
“I have a strong belief that we can achieve great things together,
“The alignment of goals, complementary expertise, and shared vision will be the foundation for a successful partnership that not only meets but also exceeds expectations,” said Hyun Shin Gyoon, LG CNS Chief Executive Officer.
Franky Oesman Widjaja, a Board Member of Sinar Mas, said through this partnership, they are confident that they can contribute to building a future where technology is seamlessly integrated into the daily lives of millions of Indonesians, helping them become more connected, prosperous, and intelligent.
“We believe in the power of collaboration to take us further, go far and beyond,” he added.
The duo signed a memorandum of understanding (MOU) on March 27 in Seoul, South Korea, which laid the foundation for this strategic collaboration.
LG Sinar Mas is a joint venture between Sinar Mas and LG CNS, focused on providing innovative IT solutions and services to accelerate digital transformation across Indonesia.
By combining local expertise with global technological leadership, LG Sinar Mas said it is committed to becoming a leading IT service provider in Indonesia.
Indonesia’s Happy5 acquires Singapore’s SugarOKR to accelerate global expansion