LIG Nex1, a South Korean defense company, is set to embark on a collaborative venture with Germany’s TAURUS Systems for the co-development of the TAURUS KEPD 350K-2 cruise missile, as per the agreement formalized at the Seoul International Aerospace and Defense Exhibition (ADEX) 2023. This agreement, marked by the signing of a Memorandum of Understanding (MOU), brings together the two companies’ technical expertise and aims to respond to the burgeoning demand for advanced missiles, particularly against the backdrop of the FA-50 fighter jets’ export expansion.

The joint endeavor primarily focuses on refining and reducing the size of the existing