LIG Defense & Aerospace to challenge government ban on contract bidding
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LIG Defense & Aerospace to challenge government ban on contract bidding SEOUL, Oct 22 (Reuters) - South Korean defence contractor LIG Defense & Aerospace 079550.KS said on Thursday it plans to take legal action including court injunction and a trial to challenge a ban against it on participating in government contract bidding.
South Korea's Defense Acquisition Program Agency announced a two-year ban against LIG on Tuesday over a corruption investigation by state prosecutors against LIG.
LIG said in a regulatory filing the ban takes effect on October 29.
(Reporting by Jack Kim; Editing by Muralikumar Anantharaman)
((jack.kim@thomsonreuters.com; +822 6936 1455;))
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