Gumi City and LIG Nex1 Sign KRW 370 Billion Investment MOU for Defense Production Facility
Gumi City has signed a KRW 370 billion investment agreement with LIG Nex1 to establish a dedicated defense production facility. The investment is expected to create 200 jobs and enhance Gumi's status as a key hub for the K-defense industry. The facility will cover the entire production process, including assembly and testing of guided weapons and aerospace systems, contributing to South Korea's defense capabilities and export opportunities.
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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.
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