Hanwha Group to Create 200,000 Jobs in Canada by 2040

South Korea's Hanwha Group plans to create 200,000 jobs in Canada by 2040, investing in shipbuilding, steel, AI, and aerospace as part of a $12 billion submarine bid.

Insights:
South Korean conglomerate Hanwha Corporation has unveiled an ambitious plan to create at least 200,000 jobs in Canada CACA by 2040. This announcement, made on Friday, January 24, 2026, is part of Hanwha's strategic bid to secure a Canadian submarine contract valued at over $12 billion. The investment will span multiple sectors, including shipbuilding, steel, artificial intelligence, and aerospace.
The logo of South Korean shipbuilder Hanwha Ocean at their office building in Seoul, South Korea, October 15, 2025. REUTERS/Kim Hong-Ji
The logo of South Korean shipbuilder Hanwha Ocean at their office building in Seoul, South Korea, October 15, 2025. REUTERS/Kim Hong-Ji
IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.