LIG Nex1, RFHIC and 2 Other Companies Receive Advance Payment of 21.4 Billion KRW

[Asia Economy Reporter Lee Seon-ae] LIG Nex1 announced on the 10th that it will pay an advance of 21.4 billion KRW to RFHIC and four other companies. This amount corresponds to 3.18% of its equity capital as of last year.

The company explained, "According to the radar mass production business contract, the amount received (advance payment) from the Defense Acquisition Program Administration and others will be paid to partner companies in accordance with the rules for payment of commencement and interim payments related to the defense industry."