Canada's $43b submarine choice: Korean readiness or German innovation?

South Korea’s naval ambitions are facing their most significant overseas test yet as Hanwha Ocean vies for a deal that could be worth up to 60 billion Canadian dollars ($42.88 billion).

The Canadian Patrol Submarine Project, or CPSP, aims to acquire up to 12 diesel-electric submarines for the Royal Canadian Navy, operating across the Arctic, Atlantic and Pacific oceans.

South Korea’s Hanwha Ocean-led consortium is up against Germany’s Thyssenkrupp Marine Systems as finalists, with industry offic ...