South Korea Just Offered Canada $100 Billion. 

 12 advanced submarines for Canada + complete tech transfer

 $100B+ submarine competition

🏭 South Korea bringing entire automotive ecosystem to Canada

🔋 LG, Hyundai, Samsung investing in Canadian factories

⚓ 12 advanced submarines + complete tech transfer

🌍 Why Seoul needs Canada more than Canada needs subs

WHAT'S INCLUDED IN THE DEAL:

✅ Electric vehicle manufacturing plants

✅ Battery production facilities (NextStar: 2,500 jobs)

✅ Hydrogen commercial vehicle production

✅ Critical mineral extraction & refinement

✅ Steel industry partnerships ($275M Algoma deal)

✅ AI, nuclear, LNG cooperation

✅ Complete supply chain integration

..............

Algoma Steel submarine commitment ‘exciting news’ for the Sault, says defence expert

If Hanwha Ocean wins bid to build 12 submarines, company would send Algoma $345M for new steel beam mill. A major financial deal that could allow Algoma Steel in Sault Ste. Marie, Ont., to build a new steel beam mill and hire up to hundreds of employees is being called a pivotal opportunity.Another company, German-based ThyssenKrupp Marine Systems, is also bidding to win the submarine project. 

The mill announced Monday it signed a memorandum of understanding with shipbuilder Hanwha Ocean, a South Korean-based company eyeing a bid to build 12 submarines for Canada’s expanding defence efforts.“There’s no better weapons system to do that than a submarine,” he said. “The big area we’re looking to secure would be the Arctic Ocean.“With the potential for more travel by shipping companies through there, we want to make sure we can maintain control of that area.”

If its bid is successful and approved by the Canadian government, Hanwha Ocean has committed to giving Algoma Steel $345 million for the creation of a structural steel beam mill in the Sault and the purchase of Algoma products.