South Korea’s Canadian Submarine Gambit
May 16 2025
Earlier this month, news broke that a trio of South Korean companies had teamed to make an ambitious offer to the Canadian armed forces. The deal: CAN20 to 24 billion (US$14 to 17 billion) worth of submarines and an additional CAN1 billion (US$720 million) in armored vehicles and artillery systems. Hyundai Heavy Industries, partnering with rival firms Hanwha Ocean and Hanwha Aerospace, reportedly made the proposal in early March, though details are...
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