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LIG Nex1

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LIG Nex1 Co., Ltd.
Native name
엘아이지넥스원 주식회사
Formerly
[1]
Company typePublic
KRX: 079550
Industry
Founded25 February 1976; 48 years ago (1976-02-25)
Headquarters
207, Mabuk-ro, Giheung-gu, Yongin-si, Gyeonggi-do
,
South Korea
Area served
Worldwide
Key people
Products
[2]
RevenueIncrease ₩2.2208 trillion[3] (2022)
Increase ₩179.1 billion[3] (2022)
Increase ₩122.9 billion[3] (2022)
Total assetsIncrease ₩3.0127 trillion[3] (2022)
Total equityIncrease ₩935.2 billion[3] (2022)
Owner
ParentLIG Group[1]
WebsiteOfficial website in English
Official website in Korean
LIG Nex1
Hangul
엘아이지넥스원
Revised RomanizationElaiji Nekseuweon
McCune–ReischauerElaichi Neksŭwŏn

LIG Nex1 Co., Ltd. (Korean: 엘아이지넥스원; RR: Elaiji Nekseuweon), formerly known as LG Innotek (Korean: 엘지이노텍; RR: Elji Inotek) is a South Korean aerospace manufacturer and arms manufacturer. It was established in 1976 as Goldstar Precision. LIG Nex1 was previously owned by LIG Holdings Company, which in turn was owned by the LIG Group. In 2013, a consortium led by South Korea private equity firm STIC Investments acquired 49 percent stake in LIG Nex1 for 420 billion Korean won.[4][5]

It develops and produces a wide range of advanced precision electronic systems, including missiles, underwater weapon systems, radars, electronic warfare, avionics, tactical communication systems, fire control systems, naval combat systems, and electro-optics.[6] It is one of the major suppliers of weapon systems for the Republic of Korea Armed Forces, as well as an international exporter of weapon systems.

History

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The company was established on February 25, 1976, under the name Goldstar Precision Industries (Korean: 금성정밀공업; Hanja: 金星精密工業; RR: Geumseong Jeongmil Gongeop) as a subsidiary of Goldstar Electronics (now LG Electronics). The company changed its name to LG Innotek (Korean: LG이노텍; RR: Elji Inotek) in 2000, and since 2004 it has been incorporated as a subsidiary of LIG Group under the name Nex1 Future (Korean: 넥스원퓨처; RR: Nekseuweon Pyucheo), and changed its name to LIG Nex1 in 2007.[1]

Products

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Missiles

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Precision guided munitions

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Torpedoes

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Surveillance and Reconnaissance

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Command/Control/Communication

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  • Ground-based command and control system for unmanned aerial systems
  • Battalion Tactical Command System (BTCS)
  • Vehicle command and control system
  • Jang Bogo-class submarine (KSS-I) combat management system
  • KSS-II combat system
  • LINCS naval combat system
  • Military satellite communication system-II
  • Tactical Multiband Multirole Radio (TMMR)

Avionics

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Electronic warfare

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  • Ground electronic warfare equipment
  • Shipborne electronic warfare system
  • Airborne electronic warfare system
  • Anti-drone protection system
  • Direction finder and monitoring system

Unmanned systems

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Other

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See also

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References

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  1. ^ a b c "History". LIG Nex1. 2015. Archived from the original on 6 March 2024. Retrieved 6 March 2024.
  2. ^ "Our Products". LIG Nex1. Archived from the original on 9 March 2024. Retrieved 9 March 2024.
  3. ^ a b c d e f g h i j "LIG Nex1 079550". FnGuide. 2022. Archived from the original on 26 January 2024. Retrieved 26 January 2024.
  4. ^ "Defense & Security Intelligence & Analysis: IHS Jane's - IHS". www.janes.com.
  5. ^ "South Korea's LIG to Sell Stake in Weapons Firm to Local Consortium". Wall Street Journal. 20 February 2013. Retrieved 28 November 2016.
  6. ^ Jung, Sung-ki (October 19, 2009). "LIG Nex1 Systems: First Look, Strike Precisely". The Korea Times.
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