[Alpha Biz= Kim Jisun] Canada appears to have moved into a clear technical and industrial due diligence phase regarding Korean shipbuilding and defense suppliers. On the 24th, Canadian Minister of Industry Melanie Joly visited Hanwha Ocean’s Geoje shipyard to inspect the Jangbogo-III Batch-II submarines under construction.
Her visit follows Canadian Prime Minister Mark Carney’s inspection on Oct. 30, signaling that the C$60 billion Canadian Patrol Submarine Project (CPSP) is shifting from political trust-building to detailed evaluation of manufacturing, technology, and industrial capacity.
During the tour, Joly assessed simultaneous construction lines, production capacity, and delivery timelines. Canada also places heavy importance on maintenance infrastructure, domestic job creation, and supply-chain integration, reflecting its view of the CPSP as an economic and industrial security project, not a simple defense procurement.
As the ministry overseeing national supply chains, technology investment, and regional employment, Canada’s Industry Ministry has emphasized the need for strong “industrial benefits.” Joly recently stressed that CPSP will shape Canada’s future economic and technological ecosystem.
Hanwha Ocean presented not only its submarine performance and production capabilities but also a group-wide cooperation plan spanning defense, space, sustainable energy, and critical minerals. CEO Kim Hee-cheol said, “Competition for CPSP has fully begun. We can deliver Canada’s required speed, scale, technology transfer, and supply-chain build-up simultaneously.”