Hanwha has further expanded its industrial partnerships in Canada, announcing a series of strategic MOUs spanning steel, space, artificial intelligence, and advanced technologies in support of the Canadian Patrol Submarine Project (CPSP).
Signed on the sidelines of a visit to Toronto by a South Korean government and business delegation for industrial cooperation and investment discussions with Canadian companies, the MOUs highlight Hanwha’s long-term commitment to working with Canadian industry to support job creation, industrial development, as well as strengthening Canada’s sovereign defense, security, and industrial capabilities, in line with nation-building priorities.
The Republic of Korea views the CPSP as an opportunity to elevate the Canada-Korea relationship into a durable, whole-of-government strategic partnership spanning defense, industry, technology, and security cooperation. This approach is fully aligned with the Canada-Korea Free Trade Agreement, the Comprehensive Strategic Partnership, the Security and Defence Cooperation Partnership, and Canada’s Indo-Pacific Strategy.
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