South Korea firm to supply Iraq with surface-to-air missile defence system

South Korea’s Cheongung medium range surface-to-air missile system displayed during a ceremony at Seoul Air Base on 26 September 2023 [Kim Jae-Hwan/SOPA Images/LightRocket via Getty Images]

South Korean defence company, LIG Nex1, said Friday it has secured a deal with Iraq’s Ministry of Defence to supply its Cheongung-II medium-range surface-to-air missile defence system, local media reported, Anadolu Agency reports.

The contract, valued at approximately 3.7 trillion won ($2.78 billion), marks the third export of the Cheongung-II system, Seoul-based Yonhap News Agency reported.

The system, central to South Korea’s missile defence strategy, is designed to intercept incoming missiles and aircraft.

It has previously been exported to the United Arab Emirates and Saudi Arabia.

LIG Nex1 CEO, Shin Ick-hyun, expressed the company’s commitment to enhancing the Korean defence industry’s global presence and supporting smaller defence firms in international markets.

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