Korea Joongang Daily
Korea JoongAng Daily

Korean interceptor system posts 96% success rate in UAE defense against Iranian strike

Korea’s medium-range surface-to-air missile Cheongung-II, deployed by the United Arab Emirates against Iranian missiles, made a successful battlefield debut by intercepting about 96 percent of designated targets.

2026-03-06

As Iran war depletes Lockheed stockpiles, markets bet LIG Nex1’s missiles could fill gap

As the Iran war spreads to the airspace of neighboring nations, air defense systems are put to the test, potentially inducing a stockpile shortage that Korean firms could fill.

2026-03-03

LIG Nex1 reports 2025 net income down 0.5 percent to $146.7 million

Lig Nex1 on Friday reported its 2025 net income at 211.7 billion won ($146.7 million), down 0.5 percent from a year earlier.

2026-02-13

LIG Nex1 inks $1B deal to develop Korea's first dedicated electronic warfare aircraft

Defense firm LIG Nex1 signed a 1.56 trillion won contract to develop the country’s first dedicated electronic warfare aircraft on Wednesday.

2025-12-25

LIG Nex1’s guided rocket makes mark in U.S. Navy test, eyes export breakthrough

South Korean firm LIG Nex1 passed a milestone in U.S. procurement with its low-cost guided rocket system, opening the door to a potential contract that would advance the firm's profile with the Pentagon.

2025-10-10

LIG Nex1 signs teaming agreement with Airbus DS for integrated air defense system

Korea's LIG Nex1 Co. said Tuesday it has signed a teaming agreement with Airbus Defense and Space (DS) to collaborate in the field of integrated air defense systems.

2025-09-23

As North Korean jamming threat grows, South's Air Force ups its electronic warfare game

The South Korean government believes that electronic warfare (EW) aircraft — designed to detect, disrupt and neutralize enemy signals such as radar and GPS — could emerge as a key future tactical asset.

2025-09-17

Consortiums prep bids for DAPA's $1.3B electronic warfare aircraft project

With Korea launching a 1.78 trillion won project to develop its own electronic warfare aircraft, the country's major defense and airline firms have teamed up to throw their hats into the ring.

2025-09-02

LIG Nex1 takes the latest in electronic warfare to the skies

LIG Nex1 CEO Shin Ik-hyun has announced that the company will participate in the Korean electronic warfare research and development (R&D) project as a system integrator.

2025-08-25

K-defense firms set to hit record Q1 sales, but Europe's wagon-circling risks growth

Korea four major defense firms are set to post nearly $6 billion in combined sales for the first quarter, but future growth may be throttled by a Europe looking to consolidate production strength.

2025-05-05