Daejeon City: "LIG Nex1 to Expand 'Satellite Radar' Work and Testing Site in Yuseong"

Defense contractor LIG Nex1 Co., Ltd. will expand its satellite radar workshop and testing facility in Jukdong, Yuseong-gu, Daejeon.

Daejeon City announced on the 9th that it signed an investment business agreement with LIG Nex1 containing these details.

According to the agreement, LIG Nex1 plans to invest 63.1 billion KRW to expand the satellite radar workshop and testing facility with a total floor area of 9,025㎡ on the site of the Daejeon Research Institute in Jukdong, Yuseong-gu.

LIG Nex1 is a leading comprehensive defense company in Korea, developing and mass-producing advanced weapon systems across all domains of land, sea, and air, including precision-guided weapons, surveillance and reconnaissance, command and control, and communications.

In particular, recently, based on its accumulated experience and technological capabilities, the company is expanding its business areas to include cyber and outer space.

Lee Jang-woo, Mayor of Daejeon, stated, “We will spare no administrative and financial support to ensure that LIG Nex1’s investment in Daejeon is a well-made decision.”