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South Korean aerospace manufacturer and arms manufacturer From Wikipedia, the free encyclopedia
LIG Nex1 Co., Ltd. (Korean: 엘아이지넥스원; RR: Elaiji Nekseuweon), formerly known as NEX1 Future 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]
Native name | 엘아이지넥스원 주식회사 |
---|---|
Formerly |
|
Company type | Public |
KRX: 079550 | |
Industry | |
Founded | 25 February 1976 |
Headquarters | , |
Area served | Worldwide |
Key people | |
Products | [2] |
Revenue | ₩2.2208 trillion[3] (2022) |
₩179.1 billion[3] (2022) | |
₩122.9 billion[3] (2022) | |
Total assets | ₩3.0127 trillion[3] (2022) |
Total equity | ₩935.2 billion[3] (2022) |
Owner |
|
Parent | LIG Group[1] |
Website | Official website in English Official website in Korean |
LIG Nex1 | |
Hangul | 엘아이지넥스원 |
---|---|
Revised Romanization | Elaiji Nekseuweon |
McCune–Reischauer | Elaichi Neksŭwŏn |
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.
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]
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