Business · Companies · 48 mins ago
Seongnam and LIG D&A Agree on Defense Research Complex
Seongnam and defense company LIG D&A agreed to develop a research complex in Siheung-dong, in the city’s Sujeong district.
Construction is planned to begin in 2028, with completion possible by the end of 2031.
To enable the project, the city will change the zoning for LIG D&A’s land from natural green area to a residential category.
LIG D&A has agreed to contribute about 110.7 billion won to public projects, with the final amount to be set after an appraisal and paid before construction starts.
The company also plans to move its headquarters from Yongin to Seongnam within a year after the complex is completed.
It has agreed to hire Seongnam residents for at least 20% of non-specialist facilities and parking jobs, and to support local defense businesses.
Seongnam will take further planning steps and oversee the agreement’s implementation.
Seongnam and LIG D&A signed an agreement to build a defense research and development complex in Siheung-dong.
The complex is planned for land covering 60,381.6 square metres owned by LIG D&A.
The company plans to start construction in 2028 and complete the complex as early as the end of 2031.
LIG D&A will provide about 110.7 billion won in public contributions, with the final amount to be set after an appraisal.
After completion, the company plans to move its headquarters from Yongin to Seongnam within one year.
- Who
- Seongnam City and LIG D&A.
- What
- They agreed to develop a defense research and development complex in Siheung-dong.
- When
- They signed the agreement on November 9, 2026; construction is planned for 2028.
- Where
- Siheung-dong, Sujeong-gu, Seongnam, South Korea.
- Why
- To develop a defense research complex and pursue local benefits, including headquarters relocation and local hiring.
This story does not have two clearly opposing sides.
The preliminary consultation on changes to the urban plan was completed.
Seongnam City and LIG D&A signed the agreement.
Seongnam City announced the plan.
LIG D&A plans to begin construction.
The complex is expected to be completed.
- Site area
- 60,381.6 square metres
- Public contribution
- About 110.7 billion won; final amount subject to appraisal
- Construction start
- Planned for 2028
- Expected completion
- As early as the end of 2031
- Headquarters move
- From Yongin to Seongnam within one year after completion