Mayor Shin Sangjin Attracts LIG D&A Defense Research Complex... K-Defense R&D Hub to Be Built in Siheung-dong

Seongnam City Signs Agreement with LIG D&A to Build Defense Industry Research Complex
Construction to Begin in 2028 on a 60,000-Square-Meter Site... 110.7 Billion Won in Public Contributions Secured
Headquarters to Relocate Within One Year of Completion; at Least 20% of Nonprofessional Positions to Go to Seongnam Residents
Mayor Shin Sangjin: "Secured an Advanced Defense Industry Hub and Laid the Groundwork for Revitalizing the Local Economy"

A defense industry research and development (R&D) complex will be built in Siheung-dong, Sujeong-gu, Seongnam, Gyeonggi Province, by LIG D&A (LIG Defense & Aerospace). LIG D&A has agreed to move its headquarters to Seongnam within one year of the complex's completion and pay the city a public contribution of 110.7 billion won before construction begins.

Aerial rendering of the proposed LIG D&A research and development complex. Courtesy of Seongnam City.

Seongnam City Mayor Shin Sang-jin announced on November 13 that the city had signed an agreement with LIG D&A on November 9.

After signing a mutual cooperation agreement in March, the two parties held preliminary consultations through October on changes to the urban plan. The city plans to proceed with follow-up procedures, including changing the zoning designation for 60,381.6 square meters around 234 Siheung-dong, Sujeong-gu. Construction of the research complex is scheduled to begin in 2028.

The public contribution agreed upon by the two parties is equivalent to 15,820 square meters, or 26.2% of the project site. Its value, calculated through a desktop appraisal, is approximately 110.7 billion won. The final amount will be determined following a formal appraisal, and LIG D&A will pay it in a lump sum before construction begins.

LIG D&A also agreed to hire Seongnam residents for at least 20% of nonprofessional positions required for duties such as facility operations and parking management, and to hold recruitment information sessions for local talent. In cooperation with the Seongnam Industry Promotion Agency, it will establish an exhibition space connected with local small and medium-sized defense companies. The exhibition hall to be built inside the research complex will be open to the public subject to certain conditions.

Seongnam City plans to begin follow-up administrative procedures, including drafting an urban management plan, in the near future.

Mayor Shin Sang-jin said, "It is significant that we have secured a research hub for the advanced defense industry while also securing a large-scale public contribution, the relocation of the company's headquarters, and expanded hiring of local residents. We will continue to pursue urban development that brings corporate growth and the return of development gains to citizens into harmony."

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