LIG Nex1 rebranded as LIG D&A after shareholder approval

▲ The new corporate logo of LIG Defense & Aerospace (PHOTO NOT FOR SALE) (Yonhap)

LIG Nex1-name change

LIG Nex1 rebranded as LIG D&A after shareholder approval

SEOUL, March 31 (Yonhap) -- LIG Nex1 Co., a major South Korean defense firm, said Tuesday it has changed its corporate name to LIG Defense & Aerospace, or LIG D&A, as part of its push to become a global defense player.

The name change was approved at a shareholders meeting held in Yongin, south of Seoul, the company said.

It marks the company's first name change since it was rebranded as LIG Nex1 from Nex1 Future in 2007 following its incorporation into LIG Group.

The company said the new name reflects its commitment to taking on new challenges while building on a legacy spanning more than 50 years.

LIG D&A has increased investment in future defense sectors, including satellite systems, next-generation aerial weapons and unmanned platforms, to diversify its business portfolio.

The company also plans to expand its presence in Europe, the United States and South America, beyond its existing markets in the Middle East and Asia.

"This name change is not just a simple change of name, but a promise to evolve into a global technology company that protects the safety and peace of humanity through technological innovation," a company official said.

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