LIG Nex1 Decides to Pay Advance of 18.4 Billion KRW for Defense Industry Contract

[Asia Economy Reporter Junho Hwang] LIG Nex1 announced on the 11th that it has decided to pay an advance payment of 18.418 billion KRW in accordance with the rules for down payments and interim payments related to the defense industry. This advance payment corresponds to 2.74% of the company's equity capital.

The company stated, "The payment recipients include Pickleworks and seven other companies. Due to security reasons related to the defense business, the names of all companies are not disclosed, and only the company with the largest payment amount is listed."