Aju Business Daily:


SEOUL — LIG Nex1, a defense contractor involved in the development of radar and missile guidance systems, has opened a dedicated assembly and inspection center for an upper-tier missile defense system which is slated to be ready in 2024. South Korea has strived to develop an independent aerial and missile defense system, based mainly on Russian technology.

The opening ceremony took place on June 23 in Gimcheon, about 170 kilometers (105 miles) southeast of Seoul. “We will do our best to ensure that the L-SAM system assembly and inspection center successfully plays the role of the cradle for the development of state-of-the-art domestic weapons,” LIG Nex1 CEO Kim Ji-chan said.



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