South Korea seeks multi-billion dollar submarine deal with Canada

South Korea is competing for a major submarine contract with Canada worth over 12 billion dollars. The deal marks a strategic push to expand defense exports.

洞察:
South Korea KRKRis intensifying its efforts to secure a massive naval contract with Canada CACA, positioning its defense industry as a top global contender. The contract, which focuses on the modernization of the Canadian Navy's aging fleet, is valued at more than $12 billion. This strategic bid places the East Asian nation in direct competition with major international players, most notably Thyssenkrupp AG , represented by its TKMS division from Germany DEDE.
Royal Canadian Navy submarine HMCS Victoria sails in the vicinity of Esquimalt Harbour while wearing a poppy on its sail in Esquimalt, British Columbia, Canada, on November 5, 2021. S1 Kendric Grasby/Canadian Forces/Handout via REUTERS
Royal Canadian Navy submarine HMCS Victoria sails in the vicinity of Esquimalt Harbour while wearing a poppy on its sail in Esquimalt, British Columbia, Canada, on November 5, 2021. S1 Kendric Grasby/Canadian Forces/Handout via REUTERS
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