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Korea offers hydrogen truck project as part of submarine contract bid, CTV reports

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By Reuters
  • Published KST
  • Updated KST
Presidential chief of staff Kang Hoon-sik speaks during a Korea-Canada business roundtable at a hotel in Toronto, Tuesday (local time). Captured from Kang's Facebook

Presidential chief of staff Kang Hoon-sik speaks during a Korea-Canada business roundtable at a hotel in Toronto, Tuesday (local time). Captured from Kang's Facebook

Korea has offered to invest more than 3.1 billion Canadian dollars ($2.23 billion) to build hydrogen trucks and charging stations using Hyundai Motor technology to sweeten its bid to win a submarine contract, Canada's CTV news reported citing Seoul's presidential envoy.

Korean shipbuilder Hanwha Ocean is in competition with Germany's TKMS in a tender to supply Canada with a new fleet of submarines, estimated by industry sources to be worth more than $12 billion.