Westinghouse Targets $50 Billion Valuation in U.S. IPO 
Bolivia Approves $1.9 Billion IMF Financing Deal 
Paramount-Warner Bros $110 Billion Deal Draws Antitrust Backlash 
NASA, Boeing Discuss Expanding Starliner Missions 
Volvo Cars Plans 13 New Models by 2030 to Boost Sales 
Oil Prices Tumble on U.S.-Iran Diplomacy Hopes, Supply Relief 
Bessent, He Lifeng to Discuss AI Security and Trade in New York 
Hyundai CEO Warns Chinese Automakers Could Disrupt US Market 
Gold Prices Slip as Strong Dollar and Hawkish Fed Pressure Bullion 
Allegro Raises 2026 Outlook as International GMV Surges 
US Federal Register Drops Alibaba Qwen AI Search Tool 
SpaceX Nasdaq 100 Weight to More Than Double in Rebalance 
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines 
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights 
Canada Eyes India Trade Deal by Year-End 
Oil Prices Rise as Houthi Strikes on Riyadh Fuel Middle East Tensions 
Add as a preferred source on Google
LG CNS, an LG Corporation subsidiary that provides information technology services signed a memorandum of understanding (MOU) with Indonesia to design a smart city system for its new capital that was named Nusantara. The signing ceremony was attended by the company’s chief and head of the new capital city project, Bambang Susantono.
LG CNS will be designing the city’s urban concept through artificial intelligence (AI), the cloud, and big data. The South Korean IT giant will use these digital transformation technologies for the project with the Nusantara Capital City Authority.
The company signed the MOU with the NCCA on Monday, Nov. 14, during the B20 summit that was held in Bali, Indonesia. The Nusantara team is a government agency that was formed to lead and manage the building of the country’s new capital city located on the island of Borneo. It oversees the design, including land planning, construction of housing, and traffic signal systems.
As per Aju Business Daily, LG CNS carried out consulting to develop Nusantara's smart transportation system as well as the public version that is suitable for electric vehicles. Apparently, a new capital city is being built with the latest technologies to go along with modern inventions. This will be Indonesia’s new capital as it is relocating from Jakarta.
At any rate, LG CNS said its participation in this Indonesian project is its first contract involving a massive smart city. It mentioned that it would also join hands with its partners in Indonesia to push for another smart city pilot project in Sanur, Bali.
"Based on our digital transformation technology and smart city business capabilities, we will make a case of exporting super-large smart city business models and leap forward as a global smart city leader," Kim Young Shub, LG CNS’ chief executive officer, said in a statement on Tuesday, Nov. 15.
Meanwhile, The Korea Economic Daily reported that the Nusantara capital city is now being built in the jungle of East Kalimantan on Borneo Island. Indonesia is aiming to complete this massive smart city by the year 2045. The government invested $35 billion in the construction, which covers 2,560 square km, equivalent to four times the size of Seoul, South Korea.
