LIG Nex1 and aerospace communications corporations Genohco will pursue cooperation and exchanges to expand their business areas in satellite communications and aviation.

LIG Nex1 said on the 27th that it signed an "agreement for business cooperation in satellite communications and aviation" with Genohco on the 26th at the 2nd Pangyo House in Seongnam, Gyeonggi Province.

Yoo Taesam (left), CEO of Genohco, and Moon Byungho, head of the C5SIR Business Division at LIG Nex1, sign an agreement on the 26th to cooperate on satellite communications in the aviation sector./Courtesy of LIG Nex1

Through this MOU, LIG Nex1 and Genohco agreed to exchange technology and strengthen their business capabilities. They also plan to establish concrete measures to jointly carry out advanced technology development in satellite communications and aviation. In connection with the joint execution of projects, they will promote the joint planning and proposal of research projects in the defense field.

LIG Nex1 is strengthening its global competitiveness in satellite communications and aviation based on a range of development capabilities, including military satellite communication systems, geostationary satellites, low Earth orbit satellite ground systems, and satellite terminals.

A LIG Nex1 official said, "Based on LIG Nex1's diverse experience in satellite communications and aviation and Genohco's technology, we will create synergy in the development of defense satellite communications and aviation."

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