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LIG Nex1 Breaks Ground for R&D Center in Daejeon

(SEOUL=NEWSIS) LIG Nex1 held a groundbreaking ceremony for its research and development center at Daedeok Innopolis on May 10 to develop precision-guided munition and aerospace sectors.

The company will invest a total of KRW 120 billion in building the "Daejeon House" on 10,000 pyeong of land by 2017.

LIG Nex1 plans to solidify its precision-guided munition sector and expand its production capacity for large-scale export projects.

LIG Nex1 expects the Daejeon House to create new jobs, revive the regional economy and promote shared growth between the tenant companies of Daedeok Innopolis.

Source Text

Source: Newsis (May 10, 2016)
** This article was translated from the Korean.