Ontario’s Minister of Economic Development, Job Creation and Trade Visits Hanwha Ocean Shipyard in South Korea

The Honourable Victor Fedeli tours one of the largest and most advanced shipbuilding facilities in the world

Hanwha Ocean was extremely pleased to host the Honourable Victor Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade. During his visit, Minister Fedeli toured one of the largest and most advanced shipbuilding facilities in the world, including the active production line for the KSS-III submarine. The Minister also boarded and toured the KSS-III that was launched for the Republic of Korea Navy in October 2025 – the exact same submarine that Hanwha is proposing for the Canadian Patrol Submarine Project (CPSP).

READ: KSS-III Cleared for Launch: Hanwha Ocean – Cover Story

In discussions with Minister Fedeli, Hanwha Ocean emphasized its commitment to establishing partnerships with the Government of Ontario and Ontario industry in range of sectors, including shipbuilding, defence, space, aerospace, sustainable energy, critical minerals, advanced manufacturing, leading-edge technology and other areas that will create jobs and economic growth in Ontario and enhance cooperation, partnership and supply chains between Ontario and South Korea. Already, Hanwha has MOUs in place with several Ontario-based companies with more to be announced in the coming weeks.

Minister Fedeli discussed with Hanwha executives opportunities for investment and partnership across Ontario. The visit provided Minister Fedeli an opportunity to assess South Korea’s industrial capabilities and explore potential collaboration that could support job creation and economic growth in Ontario.

“It was a great pleasure to host Minister Fedeli at our shipyard today and show him the proven, in-service and in-production KSS-III submarine that we feel is the best submarine for the Canadian Patrol Submarine Project. Equally important was our discussion on the economic benefits we plan to bring to Ontario as part of this project as well as how Ontario and South Korea can enhance their relationship in a number of strategic areas.”

Charles Kim, President and CEO, Hanwha Ocean