IBM losing outsourcing clients in South Korea
Wednesday, 27th April 2011
IBM Korea lost its major outsourcing clients last year, including Oriental Brewery Company, Korea Credit Guarantee Fund and Esquire. They moved to Samsung SDS, LG CNS and Dongbu CNI, respectively.
With IBM Korea concerned about more customers turning their backs, its clients in the financial sector, such as Kyobo Life Insurance and Korea Investment, are reviewing their security systems. Their stance is that they will thoroughly check its business competence in financial information security while sticking to the tack of farming out their IT-related works. If their relevant control and management were much beefed up through such inspections, IBM Korea�s role might be reduced as the case may be.
Publication : ET News