President Lee Says "Bold Challenge of K-Defense Continues" Following Failed Canadian Submarine Bid

President Lee Jae-myung stated regarding the failure of Hanwha Ocean to win the Canadian Patrol Submarine Project (CPSP) that "although we did not achieve the expected result, I believe we have once again clearly demonstrated our potential to the international community."

President Lee wrote this in a post titled "The Bold Challenge of 'K-Defense' Continues" on his social media today (July 8), which marks 'Defense Industry Day.'

President Lee assessed that "South Korea's defense industry is establishing itself as a new growth engine that the world is paying attention to, and as a core industry for national competitiveness," adding that "such achievements are the fruit of efforts made by countless researchers, technicians, business people, and our service members working together."

He added, "Above all, our submarines have proudly competed with the world's leading submarine powers and have proven their excellent performance and technological prowess."

He continued by emphasizing, "Challenges come with both successes and disappointments," and "what is important is to keep moving forward without stopping."

He also wrote, "I am confident that today's experience will serve as a valuable foundation to further advance our technology and enhance our competitiveness."

President Lee concluded his post by saying, "The Republic of Korea will continue to challenge itself boldly," and "from research and development and export support to strengthening international cooperation, the government will do everything it can for the day our submarines will safeguard peace and security in the world's oceans."

President Lee, who is departing for Ankara, Türkiye today to attend the NATO summit, will participate in the NATO Defense Industry Forum.

He also plans to hold bilateral meetings with countries that have demand in the defense sector to establish a bridgehead for entering the world's largest defense markets.
※ Please note: This article was translated by AI and may contain errors.