Seoul's stock market plunges nearly 5% due to tech weakness, monsoon rains forecasted for South Korea, a new Earth observation satellite launched, Incheon International Airport reaches 1 billionth passenger, and Canada prioritizes NATO ties in a submarine project over a South Korean consortium.
President Lee Jae Myung expressed disappointment after Canada selected Germany's Thyssenkrupp Marine Systems over a South Korean consortium for a $39.1 billion submarine project, but highlighted South Korea's demonstrated potential and vowed continued government support for its defense industry.
South Korean President Lee Jae Myung expressed disappointment after Canada selected Germany's Thyssenkrupp Marine Systems over a South Korean consortium for a multibillion-dollar submarine project, but stated it demonstrated South Korea's technological potential.
Canada has chosen Germany's Thyssenkrupp Marine Systems (TKMS) as the preferred bidder for its multibillion-dollar submarine procurement project, bypassing a South Korean consortium led by Hanwha Ocean and HD Hyundai Heavy Industries. Prime Minister Mark Carney cited NATO alliance considerations, though South Korea remains a "reserve supplier."
캐나다의 초계잠수함 프로젝트(CPSP) 우선협상대상자 발표를 앞두고 한국과 독일이 치열한 수주전을 벌이고 있다. 이번 사업은 단순한 전력 획득을 넘어 캐나다가 나토 방산 네트워크를 강화할지, 인도·태평양 파트너인 한국과 협력할지를 결정하는 지정학적 선택이 될 전망이다.
Hanwha Ocean's stock surged 8.61% following reports that Canada's next submarine project operator will be announced soon. The deal, estimated at up to 60 trillion won, is a competition between Hanwha Ocean and Germany's TKMS.
Keir Starmer's £298bn defence investment plan faces criticism for a £4.7bn funding gap, leaving the next prime minister, Andy Burnham, to find the extra funds. The plan prioritizes drones, fighter jets, and nuclear weapons, with spending rising to 2.7% of GDP by 2030.
South Korea's Hanwha Ocean is in a final push to win Canada's $39 billion submarine project, aiming to replace the Royal Canadian Navy's aging fleet with 12 new diesel-electric vessels. The KSS-III class submarine is highlighted for its proven operational record.
South Korean Defense Minister Ahn Gyu-back and Canadian counterpart David McGuinty discussed expanding bilateral defense ties, including South Korea's bid for Canada's submarine procurement project. They reaffirmed commitment to Indo-Pacific peace and stability.
