Gumi City and LIG Nex1 Sign KRW 370 Billion Investment MOU for Defense Production Facility
DEFENSE
On February 5, Gumi City signed a Memorandum of Understanding with LIG Nex1 to invest KRW 370 billion in a dedicated defense production facility, creating 200 jobs. This facility will support the entire production process of guided weapons and aerospace systems.
The investment aims to bolster Gumi's position in the K-defense industry amidst rising global demand for military modernization. The agreement was attended by key officials including LIG Nex1 Vice President Park Bae-ho and Gyeongbuk Province Governor Lee Cheol-woo. Gumi is expected to leverage its industrial infrastructure to enhance defense production and respond to international defense demands.

Feb 7, 2026, 6:13 AM