Industry minister, Hyundai Motor offer support for Seoul's submarine bid in Canada

Korean Industry Minister Kim Jung-kwan and high-ranking officials from major Korean companies, including Hyundai Motor, met with the Canadian industry minister this week to discuss industrial cooperation between the two countries, Kim's office said Friday, amid an ongoing bid by a Korean consortium to secure Canada's high-profile submarine project. Kim met with Canadian Industry Minister Melanie Joly on Thursday (local time) after they attended the construction completion ceremony of Korean battery maker LG Energy Solution's (LGES) battery plant in Ontario, according to the Ministry of Trade, Industry and Resources. Their meeting was also joined by officials from Hyundai Motor and other Korean companies as the two sides are discussing broader cooperation in various industries in connection with the Korean consortium's bid to secure the estimated 60 trillion-won ($40.6 billion) Canadian Patrol Submarine Project. The Korean consortium, comprising Hanwha Ocean and HD Hyundai Heavy Industries, is competing against Germany's Thyssenkrupp Marine Systems to win orders for all 12 submarines to