LG CNS has been selected as the preferred bidder for the project to build a modernized core banking system for MG Saemaul Geumgo.

According to a disclosure on major management matters related to investment decisions by LG CNS on the 10th, the company received notification that day that it had been selected as the preferred bidder. The final contract for the project is currently under negotiation between the two parties.

This project is also notable in terms of scale. The expected contract amount equals 2.5% or more of the company's most recent revenue based on its consolidated financial statements at the end of 2025, making it subject to mandatory disclosure requirements. However, the specific contract amount was not stated in this disclosure, and the final amount will be determined upon the signing of the main contract.

The company stated that the details of this project may change during the course of future proceedings. Once the main contract is finalized, the company plans to announce the confirmed details through a 'Single Sale and Supply Contract' disclosure.