What Are the Key Outcomes of South Korea and Canada's Defence Talks?
Synopsis
Key Takeaways
Seoul, Feb 5 (NationPress) South Korea's Defence Minister Ahn Gyu-back engaged in discussions with Stephen Fuhr, Canada's Secretary of State for Defence Procurement, on Thursday in Seoul, focusing on arms cooperation, as the South Korean government aims to secure a significant contract for supplying naval submarines to Canada.
The meeting took place during Fuhr's week-long visit to South Korea, which includes tours of local shipyards and defence manufacturers. This visit coincides with Canada's impending decision on a supplier for the Canadian Patrol Submarine Project, valued at approximately 60 trillion won (around USD 41 billion).
South Korea's Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. have been shortlisted alongside Germany's ThyssenKrupp Marine Systems, as reported by Yonhap News Agency.
Ahn highlighted South Korea's robust track record in designing and operating indigenous submarines, emphasizing the capability to deliver them in a swift and reliable manner, which could significantly enhance Canada's naval capabilities.
Fuhr, in response, showed keen interest in South Korea's impressive industrial expertise and the comprehensive support offered, expressing hope that their discussions will foster a strategic partnership in the arms industry.
Both parties acknowledged the necessity of mutually advantageous defence collaborations amid a shifting security landscape and exchanged insights on potential strategic cooperation regarding the submarine procurement initiative.
They also referenced a bilateral security and defence partnership agreement established during last year's Asia-Pacific Economic Cooperation summit, agreeing to maintain communication to achieve tangible outcomes in defence collaboration.
During his visit, Fuhr toured the 3,600-ton Jang Bogo-III Batch-II submarine, named Jang Yeong-sil, which has been proposed by Hanwha Ocean for the Canadian project.