LIG D&A Provides KRW 2.3 Billion in R&D Support Funds to Four Outstanding Partners

Comprehensive Evaluation of Technological Capability, Quality, and Price Competitiveness

LIG Defense & Aerospace (LIG D&A) announced on the 25th that it held an agreement ceremony on the 21st to provide R&D support funds to outstanding partners who contributed to the export business, as part of its export performance sharing initiative.

At the LIG D&A Export Business Performance Sharing System R&D Support Agreement Ceremony, participants including Sanghoon Cha, Head of Corporate Support Division at LIG D&A (fifth from the right), are taking a commemorative photo. LIG D&A

The ceremony, held at LIG D&A 2 Pangyo House, was attended by Sanghoon Cha, Head of Corporate Support Division at LIG D&A; Byungrae Park, CEO of Wave Electronics; Han Jeongyu, CEO of EOST; Jeonghan, CEO of i3system; Junghyun Kim, CEO of Vine Telecom; and Hyungsoo Yoon, head of the Planning and Coordination Office at the Foundation of Korea Commission for Corporate Partnership.

This event was organized to formalize the provision of R&D support funds to outstanding partners who contributed to the export business, and to reaffirm the commitment to mutual cooperation and shared growth.

This agreement marks the inaugural implementation of the export business performance sharing system, which was newly established as a mutual cooperation initiative with partner companies. Based on a comprehensive evaluation of technological capability, quality, price competitiveness, and other factors, four partners that made significant contributions to the export business were selected, and a total of KRW 2.3 billion in support funds will be provided.

LIG D&A has introduced and operates a variety of mutual cooperation programs, such as a supply price linkage system to minimize supplier losses due to raw material price fluctuations, and a mutual cooperation fund that supports low-interest operational financing for partner companies.

This content was produced with the assistance of AI translation services.