Seongnam City creates a defense industry research complex in Siheung-dong... Construction begins in 2028

Seongnam City, Gyeonggi Province, announced on the 13th that it will cooperate with LIG D&A to create a defense industry research and development (R&D) complex in the area of ​​234, Siheung-dong, Sujeong-gu.

The two sides signed an agreement with these contents on the 9th, reflecting the results of preliminary negotiations on changes to the city plan that were concluded last month.

Accordingly, the city changed the use area of ​​60,381.6 m2 of land owned by LIG D&A in Siheung-dong from a natural green area to a type 2 general residential area, and LIG D&A will begin construction of the research complex in 2028 and complete it by the end of 2031 at the earliest.

In accordance with the change in use area, LIG ​​D&A decided to make a public contribution of approximately 110.7 billion won, equivalent to the appraised value of 15,820㎡, or 26.2% of the project site area.

The final public contribution amount will be confirmed after a later appraisal, and a lump sum payment will be made before construction begins.

We will also pursue regional win-win projects.

LIG D&A decided to move its headquarters (Yongin, Gyeonggi Province) to Seongnam within one year after the completion of the research complex and hire more than 20% of non-professional personnel, such as facility and parking management, as Seongnam citizens.

In addition, we plan to hold a local talent recruitment briefing session and collaborate with the Seongnam Industry Promotion Agency to create an exhibition space for local defense small businesses and an open promotional center within the building.

The city plans to take follow-up administrative procedures, such as drafting an urban management plan, to ensure that the terms of the agreement are implemented without a hitch.