LIG Nex1 Co
79550
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
LIG Nex1 is a South Korean defense contractor manufacturing precision-guided munitions, missile systems, and military electronics. Listed by AFSC for weapons systems used in operations affecting occupied territories.
LIG Nex1 Co. is a South Korean defense contractor specializing in the development and production of weapons systems and military equipment. According to SIPRI data, the company generated approximately $1.7 billion in arms revenue in 2022. Its core products are purpose-built for warfare, including the Cheongung-II surface-to-air missile defense system, precision-guided munitions, and maritime surveillance radars. In 2021, the company signed a $145 million contract to supply maritime radars to South Korea's navy.
The company's business model is centered on military contracting, with recent reports indicating Gulf nations may expand orders for its missile interceptors. LIG Nex1 has actively pursued international arms sales, with its emergence as a major exporter linked to geopolitical conflicts. The company launched a dedicated federal advocacy campaign in the United States in 2025, investing $240,000 in lobbying. Its product portfolio and revenue base meet the threshold for exclusion as a company whose primary business is supplying the war-industrial complex.
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