"Defense Market Targeting" LS-LIG Signs Strategic Cooperation MOU

Expanding Cooperation Across Multiple Sectors Led by Defense Industry
Joint R&D and Market Research Plans

LS Group and LIG Group have joined hands to combine their core competencies across various business sectors, including the defense industry. They plan to engage in joint research and development (R&D) as well as technological and human resource exchanges.

On the 31st, LS Group and LIG Group announced that they had signed a memorandum of understanding (MOU) on strategic partnership and comprehensive cooperation. Both parties agreed to pursue mutual growth in multiple business areas, including the defense industry.

LS Group and LIG Group announced on the 31st that they have signed a Memorandum of Understanding (MOU) on strategic partnership and comprehensive cooperation. Photo by LS

Initially, they will expand their cooperation from the defense sector, such as advanced materials and weapons systems technology development, to a wide range of fields including power, energy, and telecommunications. Specifically, they plan to develop their strategic partnership through joint R&D, market research, exchanges of technology and human resources, and the establishment of joint venture companies.

LS Group and LIG Group intend to form a consultative body soon to detail partnership and cooperation plans as well as implementation schedules.

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