Hanwha Ocean eyes submarine exports to Canada, Philippines, Poland

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Canada is studying potential builders for new submarines and has expressed interest in Hanwha Ocean among other foreign rivals, Kim Seung-min, leader of Hanwha Ocean’s naval and special ship overseas marketing team, told Reuters in an interview, without naming the competitors. Currently, the top four arms exporters are the United States, Russia, France and China, according to the Stockholm International Peace Research Institute think tank.

Last year, South Korea inked a $13.7 billion arms deal with Poland – Seoul’s biggest ever – laying the groundwork for a major military-industrial business.

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