LIG Nex 1 opens new guided munitions R&D facility
Local defense firm LIG Nex 1 completed its new space and avionics research and development center on Wednesday that will specialize in developing guided munitions.The company spent 130 billion won ($116.74 million) over a 22-month period on the center, named Daejeon House. The latest facility will complement other R&D centers the company operates throughout the country, officials said. It covers 41,000 square meters (10.1 acres) inside the Innopolis Daedeok, a special R&D zone in Daejeon, which is 164 kilometers (102 miles) south of the capital city of Seoul. In the vicinity, there are other defense research organs, allowing synergy, officials said. Yonhap
with the Korea JoongAng Daily
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