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Industry Minister Joly heads to South Korea to meet with Hanwha

Minister Joly’s meetings with Hanwha focus on securing major defence investments and advancing Canada’s multibillion-dollar submarine procurement project.

  • On Nov. 24, 2025, Industry Minister Mélanie Joly is jetting off to Asia for a five-day trip to meet major companies and attract large investments into Canada’s defence-related sectors, with stops in Seoul, Busan, and Tokyo.
  • The meetings are designed to help Canada quickly ramp up non-U.S. exports and will include talks with one of the two bidders on Canada's submarine procurement.
  • Industry and government counterparts will cover manufacturing, shipbuilding and mining topics, with officials saying discussions include automotive and battery manufacturing.
  • Canada is searching for a supplier for up to 12 new submarines, a major multibillion-dollar military procurement to replace the Victoria class submarines retiring next decade.
  • A month after Prime Minister Mark Carney visited a Hanwha submarine manufacturing facility, Joly's trip occurs weeks ahead of Canada's new defence industrial strategy release; the report was first published Nov. 24, 2025.
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Industry Minister Joly heads to South Korea to meet with Hanwha

Industry Minister Mélanie Joly is jetting off to Asia for a five-day trip to meet with major companies and discuss Ottawa’s hunger for attracting large investments into Canada’s defence-related sectors.

·Canada
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Winnipeg Free Press broke the news in Winnipeg, Canada on Monday, November 24, 2025.
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