[THE INVESTOR]
LIG Nex1 will build an advanced weapons plant in Gimcheon, North Gyeongsang Province, the defense equipment maker said on July 7.
A memorandum of understanding regarding the plans was signed with Gimcheon government. Under the plans, LIG Nex1 will complete the construction work by 2023.
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Gimcheon Mayor Park Bo-saeng (left) and LIG Nex1 CEO Lee Hyo-koo hold up the memorandum of understanding at the signing ceremony held in Gimcheon, South Gyeongsang Province on July 7. LIG Nex1 |
According to the company, the planned plant will produce parts for high-tech weapons systems.
This will be the company’s second plant in the city. LIG Nex1’s first plant in Gimcheon began operations in 2015.
By Choi He-suk (
cheesuk@heraldcorp.com)
LiG Nex1와 김천시의 투자 MOU 체결식.