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S.Korea may lose Canada's multibillion-dollar submarine bid: local media
KR🏛️ PoliticsCenteryesterday

S.Korea may lose Canada's multibillion-dollar submarine bid: local media

South Korea may have lost its bid to supply Canada with up to 12 submarines under a multibillion-dollar procurement program, according to The Globe and Mail. The Canadian government reportedly selected Germany's Thyssenkrupp Marine Systems as the preferred bidder, with the final decision expected to be announced by Prime Minister Mark Carney. The project involves acquiring submarines valued at approximately CA$30 billion, with the entire program, including maintenance, potentially reaching CA$50 billion. South Korea formed a consortium of its top shipbuilders, Hanwha Ocean and HD Hyundai Heavy Industries, offering significant trade and investment commitments. In contrast, Germany partnered with Norway, promising substantial job creation and economic impact.

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2 reports

The Korea Herald logoThe Korea HeraldIndependentCenteryesterday
S. Korea loses bid for Canadian submarine program to Germany's TKMS

South Korea has lost its bid for Canada's multibillion-dollar submarine program, which involves constructing up to 12 diesel-electric submarines valued at up to 60 trillion won ($39.1 billion). Germany's Thyssenkrupp Marine Systems (TKMS) was selected as the preferred bidder, according to Canadian Prime Minister Mark Carney. This decision marks a significant setback for the South Korean consortium led by Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. Canada, a NATO member, has historically relied on European suppliers for its submarine fleet, currently operating second-hand Victoria-class submarines acquired from Britain.

Bias read (Center): The article presents the outcome of a competitive bidding process without overtly favoring either South Korea or Germany. It provides factual information about the selection of TKMS over the South Korean consortium, without expressing strong ideological or emotional language. The tone remainsneutral

The Korea Herald logoThe Korea HeraldIndependentCenteryesterday
S.Korea may lose Canada's multibillion-dollar submarine bid: local media

South Korea may have lost its bid to supply Canada with up to 12 submarines under a multibillion-dollar procurement program, according to The Globe and Mail. The Canadian government reportedly selected Germany's Thyssenkrupp Marine Systems as the preferred bidder, with the final decision expected to be announced by Prime Minister Mark Carney. The project involves acquiring submarines valued at approximately CA$30 billion, with the entire program, including maintenance, potentially reaching CA$50 billion. South Korea formed a consortium of its top shipbuilders, Hanwha Ocean and HD Hyundai Heavy Industries, offering significant trade and investment commitments. In contrast, Germany partnered with Norway, promising substantial job creation and economic impact.

Bias read (Center): The article presents the situation neutrally, reporting on the potential loss of a major defense contract by South Korea to Germany. It includes details from multiple sources, such as The Globe and Mail, and provides context about the bids from both countries without overtly favoring one side over另一

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