Jeong Sung-kyun, left, vice president of naval ship overseas business at Hanwha Ocean, introduces a model of KSS-III submarine to Victor Fedeli, Ontario's Minister of Economic Development, at the company's booth during CANSEC 2026 in Ottawa. [HANWHA OCEAN]
Hanwha Ocean is entering the final stretch of its campaign for Canada's $40 billion submarine bidding, vying with Germany, amid an intensified race ahead of the announcement of the preferred bidder expected in a month.
The Korean company said Sunday that it amassed strong interest from Canadian government officials and industrial magnates at CANSEC 2026, Canada's defense and security exhibition that ran for two days starting Wednesday in Ottawa, where the company spotlighted the operational capabilities of the KSS-III submarine, currently in service with the Republic of Korea Navy.
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The KSS-III is the world's first diesel-electric submarine to integrate both an air-independent propulsion system and lithium-ion battery technology, which is also regarded as a platform suitable for the Royal Canadian Navy's operational requirements for its future submarine fleet.
