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Business & EconomyJuly 31, 2026

Korea's Shipbuilders Just Lost the World's Biggest Submarine Deal — What Happens Next

Canada picked Germany's TKMS over a Korean shipbuilding partnership for its largest-ever defence contract, wiping out a fifth of Hanwha Ocean's market value in one session. A contractual fallback clause means Korea's bid isn't fully dead — here's what to track next.

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