Seoul, June 4 (IANS) Defence Minister Ahn Gyu-back held a phone call with his Canadian counterpart, David McGuinty, on Thursday and underscored the commitment to expanding bilateral defence ties amid South Korea’s push to win Canada’s submarine procurement project, the defence ministry said.During the talks, Ahn expressed hope that the two countries would strengthen solidarity as key partners across a wide range of areas, including the submarine project, security and defence cooperation, and bro…
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Seoul, June 2 (IANS) South Korea and Canada have discussed a deeper partnership in advanced industries, including space and defence, Seoul’s industry ministry said on 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 …
Seoul, April 27 (IANS) Hanwha Systems Co., the defense solutions arm of Hanwha Group, said on Monday it swung to a net loss in the first quarter from a year earlier, citing substantial equity losses tied to its US shipyard investment.For the three months ended March, the company reported a net loss of 95.75 billion won ($65 million), compared with a net profit of 24.36 billion won a year earlier, reports Yonhap news agency.The decline was largely attributed to increased equity losses from Hanwha…
Seoul, Feb 5 (IANS) South Korea’s Defence Minister Ahn Gyu-back on Thursday held talks with Stephen Fuhr, Canada’s secretary of state for defence procurement, in Seoul to discuss arms cooperation, the defence ministry said, as Seoul seeks to win a major deal to supply naval submarines to Canada. The meeting came as Fuhr is in South Korea for a weeklong trip that includes visits to South Korean shipyards and defence firms. His trip comes as Ottawa is set to pick a supplier for the Canadian Patrol…