LIG Nex1 Launches Malaysian Office, Eyes Defence Industry Growth
Kuala Lumpur, December 7 (Bernama) – South Korea’s leading defence company, LIG Nex1, has officially launched its Malaysian branch office, underscoring its commitment to support the country in advancing its defence capabilities and fostering regional security.
A Strategic Hub for Export Activities
The company, which has six international offices in the United States, United Arab Emirates, Saudi Arabia, Latin America, Indonesia, and now Malaysia, regards its latest branch as a strategic hub for its export activities across Southeast Asia. This move is expected to boost the country’s defence industry and contribute to regional security.
Localisation and Industrial Collaboration Programmes
The company’s Chief Executive Officer, Ickhyun Shin, highlighted the importance of effective localisation and Industrial Collaboration Programmes (ICP) in strengthening Malaysia’s industrial base, generating high-value employment opportunities, and fostering local innovation. By transferring technology and facilitating local production, LIG Nex1 aspires to contribute significantly to the nation’s defence capabilities and economic growth, as well as enhancing regional defence capabilities.
Regional Defence Industry Cooperation
South Korean Ambassador to Malaysia, Yeo Seung Bae, noted that LIG Nex1’s strategic presence in Malaysia represents more than just the supply of defence hardware. Malaysia is envisioned as a "launching pad" for expanding defence industry cooperation across Southeast Asia, fostering strategic, mutually beneficial partnerships.
Technological Expertise and Local Production
Established in 1976 as Goldstar Precision, LIG Nex1 has grown into one of South Korea’s top defence firms, specialising in precision-guided munitions, intelligence surveillance and reconnaissance, electronic warfare, and command, control, communications, computers, and intelligence (C4I).
Conclusion
The launch of LIG Nex1’s Malaysian office marks a significant milestone in the country’s defence industry, offering opportunities for growth, innovation, and collaboration. The company’s commitment to localisation and industrial collaboration will undoubtedly contribute to the nation’s defence capabilities and economic growth, as well as regional defence capabilities.
Frequently Asked Questions
Q: What is LIG Nex1’s goal in establishing a branch office in Malaysia?
A: LIG Nex1 aims to support Malaysia’s defence capabilities and foster regional security through effective localisation and Industrial Collaboration Programmes (ICP).
Q: What are some of the key areas of expertise of LIG Nex1?
A: LIG Nex1 specialises in precision-guided munitions, intelligence surveillance and reconnaissance, electronic warfare, and command, control, communications, computers, and intelligence (C4I).
Q: How will LIG Nex1 contribute to Malaysia’s defence capabilities and economic growth?
A: By transferring technology and facilitating local production, LIG Nex1 aspires to contribute significantly to the nation’s defence capabilities and economic growth, as well as enhancing regional defence capabilities.