Globalization
The former CEO of LG CNS, Shin Chae-chol, said "The Korean market constitutes a small percentage of the total global market. I think that unfettered expansion and cutthroat competition in the domestic medical market is meaningless. We plan to expand the scope of overseas projects centering on seven overseas branches in China, Southeast Asia, and the United States." According to the CEO’s expectation, LG CNS has expanded to 7 overseas subsidiary companies and development centers in China, India, U.S.A., the Netherlands, Indonesia, Brazil, Singapore and Japan. Overseas sales from LG CNS subsidiaries exceeded more than “200 billion won in 2007, focusing to realize its 2008 sales goal of 230 billion won in overseas markets.”
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