SEOUL - South Korea's presidential chief of staff said on Monday he was heading to Canada with Hyundai Motor executives and representatives of shipbuilders Hanwha and HD Hyundai in a bid to win a major submarine contract.South Korea is competing against Germany's TKMS in a race to win the Canadian project for a new fleet of up to 12 diesel-powered submarines, estimated by industry sources to be worth more than $12 billion.Chief of Staff Kang Hoon-sik said given the competition against a manufacturing superpower like Germany, "We believe the prospects are not necessarily easy"."I ho…READ FULL ARTICLE
