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South Korea s LIG Nex1 wins $3 2B arms deal with Saudi Arabia

South Korea's defense ministry said LIG Nex1 has won a $3.2 billion contract to export midrange surface-to-air missiles to Saudi Arabia.

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Saudi Arabia signs $3 2B deal for South Korean air defense systems

The two countries also inked a memorandum of understanding to further strengthen defense cooperation.

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S Korea begins production of spy drones for NK surveillance

North Korea said Thursday it test-fired a new strategic cruise missile, named Pulhwasal-3-31, for the first time the previous day in what was seen as an effort to strengthen capa.

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LIG Nex1 appoints Shin Ick-hyun as new CEO

Local defense company LIG Nex1 appointed Shin Ick-hyun, a retired Korean Air Force officer and current vice president at the firm, as the new CEO.

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KAI, HD Hyundai Heavy Industries and LIG Nex1 to develop naval training solutions

The Korean defence consortium will aim to provide modern naval training solutions for current and future warships domestically and abroad.

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