The Korea Times
Korea and Canada have discussed deeper partnership in advanced industries, including space and defense, Seoul's industry ministry said Tuesday, as the country is making last-minute efforts to win Canada's submarine project. The Ministry of Trade, Industry and Resources and the Korea Trade-Investment Promotion Agency (KOTRA) jointly hosted a business roundtable in Toronto on Monday (local time) to promote cooperation between Korean and Canadian companies. The event was attended by presidential chief of staff Kang Hoon-sik, currently in Canada as Seoul's envoy for special economic cooperation, along with Vice Industry Minister Moon Shin-hak, Minister of the Defense Acquisition Program Administration Lee Yong-cheol and some 50 business leaders from the two countries, according to the ministry. The visit by the high-ranking Korean officials to Canada is widely seen as a move to support Seoul's bid to win Ottawa's high-profile submarine procurement project. Currently, Korea's Hanwha Ocean-HD Hyundai Heavy Industries consortium is competing with Germany's Thyssenkrupp Marine Systems for the es
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