The ROK Navy's 3,000-ton-class submarine ROKS Dosan Ahn Chang-ho (SS-III) departs from CFB Esquimalt in Victoria to participate in joint Korea-Canada cooperation drills on June 2.[HANWHA OCEAN]
Korea and Canada announced a broad economic partnership spanning energy, critical minerals, hydrogen and defense, with Korean defense conglomerate Hanwha at the center of numerous proposals that could reshape both countries' industrial landscapes.
The announcement followed a meeting on Tuesday in Ottawa between Canada's Minister of Energy and Natural Resources Tim Hodgson and Korea's Chief of Staff to the President and Special Envoy for Strategic Economic Cooperation Kang Hoon-sik. The meeting coincided with the Korea-Canada Energy and Resource Supply Chain Cooperation Forum, which brought together senior government officials, industry leaders and investors from Canada's energy, mining, infrastructure and technology sectors.
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The partnership reflects the growing weight of bilateral trade. In 2025, energy products became Canada's largest export category to Korea, valued at approximately 2.2 billion Canadian dollars ($1.6 billion), and metal ores and nonmetallic minerals ranked second at approximately 1.5 billion Canadian dollars.
