LIG Nex1

● First privately-owned geostationary satellite development project begins in earnest. ● Aims to complete key business to usher in the private sector-led space age with the Korea Meteorological Administration, Korea AeroSpace Administration, Korea Meteorological Institute, and Korea Aerospace Research Institute. ● Acquires core capabilities in the satellite sector, including satellite body, payload (observation/communication/navigation), and ground segment. ● Enhances satellite system development capabilities through 20 years of expertise and expands into the satellite utilization sector. The development of Koreas third meteorological satellite and first privately-owned geostationary satellite, GEO-KOMPSAT 5, begins in earnest. LIG Nex1 announced on the 30th that it has signed an agreement with the Korea Meteorological Administration, the Korea AeroSpace Administration, and the Korea Meteorological Institute to develop a geostationary meteorological and space meteorological satellite (hereinafter, GEO-KOMPSAT 5). The total value of the agreement is 320.754 billion won, and the development of the satellite system and main body is set to be completed by 2031. GEO-KOMPSAT 5 is expected to be launched in 2031, serving as a world-class next-generation meteorological satellite that observes the weather and space weather in real time, 24/7, from an altitude of approximately 36,000 kilometers above the equator. The satellite will serve as a gateway to the K-Space age, as it is the first private-led development of a geostationary satellite. As the lead RD organization for the GEO-KOMPSAT 5 system and main body development project, LIG Nex1 aims to complete the development of a high-precision geostationary platform satellite that will serve as the foundation for world-class, high-quality meteorological services. This will be achieved through close cooperation with the Korea Meteorological Administration, Korea AeroSpace Administration, Korea Meteorological Institute, Korea Aerospace Research Institute, and partner companies. Since 2006, LIG Nex1 has been working to secure foundational technologies, including high-performance SAR, and has accumulated core competencies in all areas of satellite systems through its involvement in projects such as the Geostationary Public Multi-Purpose Communication Satellite (GEO-KOMPSAT 3), the Korean Positioning System (KPS), the Korean Multi-Purpose Satellites 5 and 6, the Military Satellite Communications System (ANASIS-I/II), and the Small Satellite System. In particular, the self-invested Daejeon House Satellite System Integration and Test Building, set for completion in the first half of this year, will significantly strengthen the development infrastructure tailored for the future space industry. Based on its 20 years of experience in developing satellite payloads, bodies, and ground segments, LIG Nex1 will further strengthen its integrated satellite system development capabilities and expand its business areas to satellite utilization. Moreover, the company plans to support the K-Space industry in overseas markets and create a private-led satellite industry ecosystem.

LIG Nex1 introduced its comprehensive maritime security solution at the Peru International Defense Exhibition (SITDEF 2025). SITDEF 2025 took place from April 24 to 27 at the Army Headquarters in Lima, Peru. SITDEF is the largest biennial defense exhibition in Latin America. This year commemorated the exhibitions 10th anniversary, and Korean defense companies, including LIG Nex1, HD Hyundai Heavy Industries, Hyundai Rotem, Korea Aerospace Industries, along with 250 companies from 40 countries, participated in the exhibition. In an exhibition hall jointly organized with HD Hyundai Heavy Industries, LIG Nex1 introduced its radar and defense weapons systems, including the Multi-Function Radar (MFR), which can be mounted on warships of more than 3,000 tons; electronic warfare and combat systems; the ship-mounted Close-in Weapons System (CIWS-II); along with guided weapons systems such as the SAAM (Surface-to-Air Anti-Missile) and Poniard. LIG Nex1 also introduced combat systems for submarines and underwater strike systems such as the Red Shark and Tiger Shark. At the seminar organized to promote HD Hyundai Heavy Industries submarines for export, LIG Nex1 introduced its key systems and solutions that will be equipped on the submarine proposed by HD Hyundai Heavy Industries to Peru. The seminar was attended by Peruvian government officials, including the Minister of Defense and the Chief of Naval Staff, as well as key defense officials from both countries, including the Chief of Policy of the ROK Navy Headquarters and the Director General of the Maneuver Program Department of the Defense Acquisition Program Administration (DAPA). LIG Nex1 plans to expand its business in Latin America by focusing on the major warship and submarine systems and maritime solutions introduced at the exhibition.

LIG donated a development fund to the Korea Football Association for the Disabled in commemoration of the Day of Persons with Disabilities. The donation ceremony was conducted on the 18th at LIG Headquarters in Songpa-gu, Seoul, where LIG Representative Director Choi Yong-jun, President of the Korea Football Association for the Disabled Kim Ki-hwan, and KB Insurance Executive Director Oh Byung-ju were present. LIG has been sponsoring the Korea Football Association for the Disabled with its affiliates, including LIG Nex1, Huseco, and Innowireless, since 2007. KB Insurance has participated in the fundraising since 2022 and has donated 20 million won for two years in a row. This years total donation added up to 180 million won. The donation will be used to support physical fitness training for the national para-football team and to train domestic and foreign experts. LIG Representative Director Choi Yong-jun said, We hope we can help the para-football team grow further, and we will continue to support the team. LIG is leading ESG governance through various social contribution activities, including supporting low-income national patriots and veterans, medically vulnerable people, and young adults preparing for independence.

● Joint research with the device security company on defense AI and unmanned systems security technology. ● Joint development of a physical electronic component protection device since 2019, about to be applied to unmanned weapons systems. LIG Nex1 and Security Platform (Representative Hwang Soo-ik), a company specializing in edge device security, will conduct joint research to develop leading technologies in the AI and unmanned system security sector. LIG Nex1 announced on the 15th that it has signed an MOU with Security Platform at its Seoul office to cooperate on the application of National Defense AI and Unmanned Systems Security. The two companies plan to develop and apply technologies to prevent the theft of defense technology, starting with unmanned weapons systems such as unmanned surface vehicles and aerial drones. In addition, various collaborative activities such as conducting joint research on the application of security technologies to military communication equipment, exchanging security technologies, and jointly marketing research results will be carried out, focusing on AI and unmanned systems, which are expected to shape the future of warfare. Since 2019, LIG Nex1 and Security Platform have been developing a physical electronic component protector, which shields components containing key information, to protect weapons systems technology. Both companies aim to advance the technology further and apply it to unmanned and exported weapons systems, ultimately expanding into the defense AI sector. Along with developing advanced domestic weapons systems, LIG Nex1 is actively investing in cybersecurity to protect the technology. Furthermore, the company plans to take the lead in protecting Koreas defense technology through proactive RD with Security Platform.

● Collaborating to advance capabilities in guided munitions and manned and unmanned AI solutions. ●Promoting technology collaboration and global market development, and leading the development of Manned-Unmanned Teaming (MUM-T). LIG Nex1 and Anduril Industries, a U.S.-based AI defense technology company, have joined forces to enhance their capabilities in developing next-generation weapons systems and core solutions specialized for future warfare, including guided weapons, manned and unmanned teaming, and operational systems. LIG Nex1 signed a comprehensive MOU with Anduril for the Cooperative Development of Future Warfare Weapons Systems at its Seoul office on the 2nd. The ceremony was attended by LIG Nex1 CEO/President Shin Ik-hyun, Anduril Co-Founder and CEO Brian Schimpf, and key officials from both companies. Through this MOU, the two companies will advance guided munitions, unmanned submarines and Manned-Unmanned Teaming (MUM-T), and technological collaboration and global market development centered around AI-based operating systems. In addition, the cooperation will assess the integration of LIG Nex1s mission equipment, such as sensors, on Andurils unmanned system platforms. Andurils AI-based operating system, Lattice, will be applied to LIG Nex1s weapons systems to significantly enhance autonomous mission capabilities. Along with MUM-T, weapons systems based on superintelligence, hyper-connectivity, and hyper-convergence are rapidly becoming more advanced and sophisticated, so the development of operational solutions and platform integration capabilities to support them is emerging as an important challenge for the defense sector. LIG Nex1 plans to lead the RD of future weapons systems optimized for the evolving battlefield by combining Andurils proven AI solutions with LIG Nex1s technology in the sectors of unmanned systems, guided weapons, and surveillance and reconnaissance, including the maritime unmanned platform called the Unmanned Surface Vehicle (Sea Sword) series.

LIG Nex1, HD Korea Shipbuilding Offshore Engineering, and the Center for Advanced Meta-Materials (CAMM) signed an MOU to jointly conduct metastructure business and commercialization at the Korea Institute of Machinery Materials in Daejeon. The companies agreed to establish and operate the manned/unmanned maritime weapon system/vessel stealth metastructure joint research center within the CAMM. The companies will collaborate in several areas, including joint participation in major defense technology initiatives and system projects in the metastructure sector; joint submission of proposals for new business opportunities; joint planning of future metastructure applications; and hosting technical seminars on metastructure and maritime weapons systems. Metastructures are materials or structures that exhibit properties not found in natural substances. They are expected to enable innovative technology in the defense sector by artificially controlling sound, light, and heat. An LIG Nex1 official said, We will try to integrate our development experience across all areas of defense with CAMMs highly advanced technical skills to enhance next-generation national defense capabilities.

LIG donated 60 million won to Soonchunhyang University Seoul Hospital on the 26th to support medically vulnerable individuals. The donation will be used to cover medical treatment costs for low-income and vulnerable patients. LIG Representative Director Choi Yong-jun and Soonchunhyang University Seoul Hospital President Lee Jeongjae attended the donation ceremony. LIG has been supporting medically vulnerable groups through this social contribution initiative for the past five years, with total donations since 2021 reaching 260 million won. LIG also engages in various other social contribution activities, including sponsoring the Korea Football Association for the Disabled, assisting young adults preparing for independence, and supporting projects for low-income patriots and veterans. Moreover, LIG Nex1 and its affiliates, including Innowireless, LIG System, and Huseco, are leading ESG governance by developing various social contribution programs that reflect the nature of their businesses. LIG Representative Director Choi Yong-jun said, I hope our donation helps patients facing economic difficulties, and we will continue to support medically vulnerable people. Soonchunhyang University Seoul Hospital President Lee Jeongjae said, We will use the donation to support low-income patients efficiently.

● Three honorary recipients, including the Korean War Veterans Memorial Foundation (KWVMF) and Larry Kinard (92). ● LIG Chairman Koo Bon-sang, who received a plaque of appreciation from the foundation, said in his congratulatory remarks, We owe our peace and prosperity to the courage and dedication of our forefathers We will never forget them. With the beginning of President Trumps second term, a commemorative event reaffirming the dedication of Korean War veterans and the commitment of the KOR-U.S. alliance was held at the Mayflower Hotel in Washington, D.C., on March 21 (local time). The event was hosted by the Korean War Veterans Memorial Foundation (KWVMF), and approximately 250 people participated, including war veterans, U.S. Army former and current high-ranking leaders, and Trump administration officials. From the U.S., John H. Tilelli, Jr., Board Chairman and former commander of U.S. Forces Korea, and Harry Harris, former commander of the U.S. Pacific Fleet, who served as U.S. Ambassador to Korea, were present. From Korea, Yoon Hyung-jin, defense attach, and Koo Bon-sang, Chairman of LIG, were present. The event began with the national anthems of both Korea and the U.S., followed by commemorative remarks from both countries representatives, former ambassador Harriss keynote speech on the future of the KOR-U.S. alliance, a special performance by singer Kang Yoon-jung, and, finally, the award presentation. Larry Kinard (92) was selected as an honorary recipient. He served as an artillery officer on the front lines at the Imjin River during the Korean War and later served as the president of the Korea War Veterans Association (KWVA), where he led the Tell America educational program to raise awareness of the Korean War among Americans. Charles Garrod and Kum Cha Bertling were honored in the Supporters category for their unwavering support and compassion for Korean War veterans. The KWVMF announced plans in 2022 to renovate the Wall of Remembrance, incorporating next-generation AR technology to present more vivid scenes of the Korean War and highlight the dedication of its veterans. LIG Chairman Koo Bon-sang, who participated on behalf of the Korean sponsors, said in his congratulatory remarks that the peace and prosperity we are experiencing now are only possible thanks to the courage and dedication of our forefathers. All of the executives and employees of LIG will always appreciate and repay the debt we owe to the war veterans. KWVMF Board Chairman John Tilelli presented a plaque of appreciation to LIG Chairman Koo Bon-sang for his contribution to the KOR-U.S. alliance through continued interest and support for Korean War veterans.