South Korean military and defence officials traveled to Ottawa to secure a next-generation submarine contract estimated at up to US$40 billion [1].

The potential deal represents one of the largest defence acquisitions in Canadian history. Securing the contract would significantly expand South Korea's global defence industry footprint and strengthen strategic ties between the two nations.

The high-level delegation included the Chief of Naval Operations and the head of the Defence Acquisition Programme Administration. They were accompanied by the presidential chief of staff and leaders from major shipbuilding firms [1]. The visit coincided with Canada's largest defence exhibition, providing a backdrop for the final push to win the project [1].

The contract, valued at approximately 60 trillion won [1], focuses on the supply of next-generation under-sea vessels. South Korean officials said they aim to leverage their shipbuilding expertise to meet Canada's evolving maritime security needs.

This diplomatic and industrial effort underscores Seoul's ambition to export its advanced naval technology. The delegation said it sought to finalize terms that would ensure South Korean vessels are selected for the fleet renewal program [1].

“South Korea aims to win one of Canada’s biggest ever defence contracts”

This move signals South Korea's transition from a regional arms importer to a major global exporter of high-end naval platforms. By targeting a contract of this magnitude, Seoul is attempting to break into the North American defence market, which would provide a massive economic boost to its shipbuilding sector and create a long-term strategic partnership with Canada.