The Globe and Mail·3 min read·medium
Disappointment in South Korea after losing Canadian submarine contract
J
James Griffiths
✦AI Summary
South Korea's Hanwha Ocean lost a major Canadian submarine contract to Germany's TKMS, leading to a drop in Hanwha's stock price. The decision was largely attributed to Canada's desire for NATO interoperability.
Prime Minister Mark Carney climbs down a ladder into a submarine during a tour of the Hanwha Ocean Shipyard in Geoje Island, South Korea, in October last year. Adrian Wyld/The Canadian Press
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