world
Hanwha Ocean Selected as Preferred Bidder for South Korea Navy Destroyer Project
Hanwha Ocean Co. was chosen to lead construction of six next-generation destroyers valued at 7.8 trillion won. The company prevailed over rival HD Hyundai Heavy Industries Co. in the Korea Destroyer Next Generation program.
upi.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Hanwha Ocean Co. was selected as the preferred bidder for South Korea's next-generation Navy destroyer project valued at 7.8 trillion won ($5.1 billion), the company said Thursday. In a regulatory filing, the company stated that the Defense Acquisition Program Administration notified it of the selection on Wednesday.
Hanwha Ocean beat rival HD Hyundai Heavy Industries Co. to lead the Korea Destroyer Next Generation program, which aims to build six next-generation destroyers using domestically developed technologies.
The envisioned 6,000-ton-class Aegis destroyers are expected to become one of the Navy's core strategic assets, offering capabilities comparable to those of the 7,100-ton King Sejong the Great-class Aegis destroyers, currently the service's most powerful warships. Hanwha Ocean Co.'s shipyard in the southeastern city of Geoje is seen in this photo taken on March 12, 2026.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationModerate · 1 source
