Overview
- Presidential chief of staff Kang Hoon-sik led a government–industry delegation to Toronto to back the Korean consortium’s offer for Canada’s Canadian Patrol Submarine Project.
- The field has been narrowed to two contenders: a South Korean team led by Hanwha Ocean and HD Hyundai Heavy Industries, and Germany’s Thyssenkrupp Marine Systems.
- Seoul hosted an industrial cooperation forum in Toronto where Korean and Canadian firms signed six MOUs spanning steel, satellite services and artificial intelligence.
- Named agreements include Hanwha Ocean with Algoma Steel, low Earth orbit satellite cooperation among Hanwha Systems, Telesat and MDA, and an AI pact among Hanwha Ocean, Hanwha Systems and Cohere.
- Kang said a decision could come in the near future and noted Canada’s offset demands, while the program is estimated at up to 60 trillion won for eight to 12 submarines.