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LIG Nex1 partners with Cotecmar for patrol ships

LIG Nex1, a South Korean defense manufacturer, said Friday that it would collaborate with Cotecmar, a Colombian shipbuilder, to develop weapon systems for Cotecmar’s coastal patrol boats.
 
LIG Nex1 CEO Lee Hyo-koo (left) poses with Rear Adm. Jorge Enrique Carreno Moreno, president of Colombia’s Cotecmar corporation, after agreeing to develop and provide LIG’s weapon systems for Cotecmar’s coastal patrol boats. (Yonhap)
LIG Nex1 CEO Lee Hyo-koo (left) poses with Rear Adm. Jorge Enrique Carreno Moreno, president of Colombia’s Cotecmar corporation, after agreeing to develop and provide LIG’s weapon systems for Cotecmar’s coastal patrol boats. (Yonhap)

The Korean company signed the agreement with Cotecmar on Thursday as part of its efforts to reinforce defense cooperation with the Colombian government.

“Exports can boost the Korean defense industry,” said LIG Nex1 CEO Lee Hyo-koo.

“We will further make inroads into the Latin American market starting with Colombia.”

By Yeo Jun-suk (jasonyeo@heraldcorp.com)
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