South Korea Loses Canada Submarine Deal but Cements Top Tier Defence Status The recent decision by Canada to award a multibillion dollar submarine contract to Germany's Thyssenkrupp Marine Systems (TKMS) has left South Korea on the sidelines.
However, this outcome should not be seen as a defeat for Seoul's fledgling defence industry. Canada's decision was likely influenced by a complex array of factors, including broader geopolitical considerations.
Moon Keun sik, an adjunct professor at Hanyang University's Graduate School of Public Policy, notes that Canadian authorities expressed satisfaction with South Korea's bid.