Industry
Hanwha to cooperate with Canada on steel, AI and space
Hanwha Group said on Tuesday it signed MOUs with five Canadian companies in steel, AI and space to support its bid for Canada’s next-generation submarine project. Hanwha Ocean and Hanwha Systems signed the agreements at a Korea-Canada industry cooperation forum in Toronto. Hanwha Ocean will work with Algoma Steel on a local steel plant and submarine construction and maintenance infrastructure, contributing about C$345 million. KPMG forecast job creation if the plan is implemented.
