South Korea is bidding for a $12 billion Canadian submarine contract, competing against Germany.

A South Korean delegation is visiting Canada to bid on a $12 billion submarine project, competing against Germany’s ThyssenKrupp Marine Systems. The visit, led by top officials and industry leaders, aims to secure a contract to supply Canada’s navy with a new submarine fleet. South Korea highlights its advanced submarine technology and promises thousands of jobs in both countries. The Canadian government has narrowed the selection to two finalists, with the outcome expected to shape future defense and trade relations.