LIG D&A hit with two-year bidding ban over bribery allegations

South Korea's Defense Acquisition Program Administration notified LIG Defense & Aerospace on Oct. 22 of a two-year ban on bidding, running from Oct. 29, 2026 to Oct. 28, 2028, over alleged bribes to a DAPA official in a weapons procurement. LIG D&A will seek a suspension of execution and file a revocation suit. Government orders accounted for 64.5% of its revenue last year, or 2.78 trillion won.

• Ban runs from Oct. 29, 2026 to Oct. 28, 2028
• Government work was 64.5% of LIG D&A revenue, 2.78 trillion won
• Company plans suspension request and revocation lawsuit
• A ~1.9 trillion won KF-21 missile contract is due in December