Industry Minister Kim Jung-kwan expressed cautious optimism on Wednesday about Korea's bid to supply up to 12 patrol submarines to Canada in a contract worth 60 trillion won ($39.9 billion), as the deadline for the decision approaches next month.

Industry Minister Kim Jung-kwan expressed cautious optimism on Wednesday about Korea's bid to supply up to 12 patrol submarines to Canada in a contract worth 60 trillion won…

Industry Minister Kim Jung-kwan has underscored Korea's competitive edge in the ongoing race to win Canada's high-profile submarine project, highli...

At the beginning of Canada’s closely watched $40 billion submarine bidding process, Korea appeared to be somewhat behind Germany, but the tide has since shifted.