LG CNS announced that it has obtained the international standard certification for its compliance management system, ISO 37301. As the introduction of artificial intelligence (AI) expands the scope of compliance management in areas such as new regulations and data privacy, the company has received international recognition for its reliable compliance management system from various stakeholders, including customers, investors, and partners.
ISO 37301 is a standard established by the International Organization for Standardization (ISO) to help organizations systematically comply with and manage their compliance obligations, including laws, regulations, internal policies, and ethical standards. The certification process was conducted by LRQA (Lloyd's Register Quality Assurance), a specialized international standards assessment organization.
The certification covers LG CNS's key business areas, including AI, cloud, data centers, and software development and maintenance. LRQA verified the compliance systems operated by each business unit through a review of systems and documents, interviews with executives and responsible personnel, and checks of actual work records.
LG CNS operates a company-wide compliance committee that conducts regular compliance risk assessments, training, monitoring, internal audits, and management reviews to proactively respond to changes in domestic and international regulations. The committee's operations, which include overseas branches and a culture of self-directed compliance risk assessments among employees using an internal portal, have been recognized as best practices.
Additionally, LG CNS is expanding its overseas AI and digital transformation business. Recently, it signed a memorandum of understanding with Japanese telecommunications company KDDI to collaborate on AI, smart city, and telecommunications projects in the Asia-Pacific region. As its international business expands, the importance of a compliance management system that can respond to the laws and regulations of each country is also increasing.
Hyun Shin-kyun, CEO of LG CNS, stated, "This certification acknowledges that we have established and are operating a compliance management system that meets international standards across our key business areas. We will continue to enhance our global-level compliance system in all our domestic and international operations to create a management framework that our customers and business partners can trust."
* This article has been translated by AI.
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