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  • President Yoon Begins Official Visits to Turkey and Mongolia
    President Yoon Begins Official Visits to Turkey and Mongolia 이재명 대통령이 7일부터 11일까지 튀르키예와 몽골 국빈 방문을 위한 4박 5일 간의 해외 순방에 나선다. 이 대통령은 이날 오전 출국해 오는 7~8일(현지시간) 튀르키예 앙카라에서 개최되는 2026년 나토(NATO·북대서양조약기구) 정상회의에 참석한다. 한국은 나토 회원국은 아니지만 나토가 최근 협력을 강화하고 있는 인도태평양 핵심 파트너국 IP4(한국·일본·호주·뉴질랜드) 일원으로 초청됐다. 이 대통령은 취임 후 첫 참석인 이번 나토 정상회의에서 방위산업 협력에 힘을 실을 전망이다. 우선 이 대통령은 오는 7일 튀르키예 앙카라에 도착해 마크 루터 나토 사무총장을 면담한 뒤 일본·호주·뉴질랜드 대표들과 소인수 회담을 갖는다. 이어 이 대통령은 나토에서 주관하는 방산포럼에 참석해 ‘공동의 가치, 더욱 강한 산업 기반’을 주제로 기조발언을 하고 토론에도 참석한다. 저녁에는 레제프 타이이프 에르도안 튀르키예 대통령 내외가 주최하는 공식 환영 만찬에 자리한다. 이튿날인 8일에는 주요 방산 수요국들과 양자회담을 잇따라 열고 K-방산 세일즈에 나설 계획이다. 청와대는 복수의 국가들과 연쇄 양자회담 일정을 조율 중인 것으로 전해졌다. 이후 이 대통령은 앙카라를 떠나 오는 9일 몽골 울란바타르에 도착, 11일까지 국빈 방문 일정을 갖는다. 이 대통령은 후렐수흐 몽골 대통령과의 정상회담을 계기로 ‘한·몽 관계의 황금시대’ 공동선언을 발표할 예정이다. 핵심광물 등 자원 부국이자 북한의 두 번째 수교국인 몽골과 구체적인 경제 협력 및 한반도 평화 협력을 위한 방안도 논의될 전망이다. 이 대통령은 같은 날 저녁에는 양국 정부 및 기업 인사들이 경제 협력 방안을 논의하는 ‘한·몽 비즈니스 포럼’에서 기조연설을 한다. 이어 10일에는 몽골에서 인술을 펼치며 독립운동을 지원한 이태준 열사 기념관을 찾은 뒤 몽골 교민들과 오찬 간담회를 진행한다. 이 대통령은 11일 몽골 최대 명절인 ‘나담축제’ 개막식에 주빈으로 참석하는 것을 마지막으로 이번 순방 일정을 마무리할 예정이다.* This article has been translated by AI. 2026-07-07 05:44:00
  • Canada Selects Germanys TKMS for Next Submarine Project, Hanwha Ocean Loses Bid
    Canada Selects Germany's TKMS for Next Submarine Project, Hanwha Ocean Loses Bid Canada has officially designated Germany's ThyssenKrupp Marine Systems (TKMS) as the preferred bidder for its next submarine acquisition project. South Korea's Hanwha Ocean competed until the end but ultimately lost the bid.On July 6, Prime Minister Mark Carney held a press conference in Halifax to announce TKMS as the preferred bidder for the submarine project. The Canadian government will now enter detailed negotiations with TKMS regarding pricing, delivery timelines, local industry participation, and long-term maintenance and operational support.Carney described the project as "the largest procurement initiative in Canadian history." He noted that the competition between Hanwha Ocean and TKMS was a "difficult and closely contested decision between two qualified suppliers." However, the total project cost and the exact number of submarines to be acquired have not been disclosed. Canada aims to procure up to 12 next-generation submarines, with the final contract size expected to be confirmed through negotiations with TKMS.This project is a major defense initiative aimed at replacing the aging Victoria-class submarines of the Canadian Navy. Canada acquired four used Victoria-class submarines from the UK in 1998, but concerns have been raised about frequent maintenance issues and low operational availability. The new submarines are expected to enhance operational capabilities in the Arctic and the Atlantic and Pacific Oceans.The 212CD class proposed by TKMS is a diesel-electric submarine currently being jointly developed by Germany and Norway. It features non-magnetic steel and stealth design to reduce detectability. Both Germany and Norway are also pursuing the acquisition of similar submarines, and Canada's participation could enhance interoperability among NATO member countries in terms of training, maintenance, and operational cooperation.Hanwha Ocean competed with its KSS-III Batch-II submarine, emphasizing rapid delivery and local industry collaboration. The company claimed it could supply the first four submarines by 2035, which would help mitigate Canada's operational gaps.Ultimately, Canada chose TKMS as the preferred bidder. This announcement came as Prime Minister Carney prepared to attend a NATO summit in Turkey. The potential for submarine cooperation with Germany and Norway likely influenced the decision amid Canada's efforts to increase defense spending and strengthen NATO security collaboration.For Hanwha Ocean, the loss of the Canadian contract could pose challenges to its global submarine export strategy. The Canadian project not only represented a significant quantity of up to 12 submarines but also held symbolic value as a potential entry point into the large naval market within NATO. Nevertheless, Hanwha Ocean is expected to continue pursuing other international submarine projects, having highlighted the long-range operational capabilities and delivery competitiveness of the KSS-III during the bidding process.* This article has been translated by AI. 2026-07-07 05:40:00
  • Canada names TKMS preferred bidder and Hanwha as reserve bidder for sub deal
    Canada names TKMS preferred bidder and Hanwha as reserve bidder for sub deal SEOUL, July 07 (AJP) - Canada on Monday named Germany’s TKMS as the preferred supplier for its "largest-ever" procurement to acquire up to 12 new submarines, selecting the Type 212CD over South Korea’s KSS-III Batch-II in what had been a "difficult and close decision," according to its state head. Prime Minister Mark Carney announced the choice that involved heavily government-backed competition between Germany and South Korea in Halifax, Nova Scotia, shortly before departing for a NATO leaders’ summit in Türkiye. “I’m pleased to announce that Canada has selected TKMS as the preferred supplier for Canada’s patrol submarines,” Carney said. South Korea’s Hanwha Ocean was designated as the reserve supplier and could be invited into negotiations if Canada fails to reach an agreement with TKMS. “We don’t expect that, but if they are unsuccessful, Canada retains the right to designate Hanwha Ocean, currently the reserve supplier, as the preferred supplier and enter into negotiations with them,” Carney said. He described the selection as a “difficult, close decision between two highly qualified suppliers,” saying both proposed submarines met the Royal Canadian Navy’s demanding capability requirements and were backed by strong industrial packages. He had a long discussion with South Korean President Lee Jae Myung over the weekend including the decision as he "understood the disappointment" of Seoul, but the two agreed to pick up other technologically complimentary areas when they meet at the NATO summit as Canada maintains Korea as a critical strategic partner. “In the end, this decision was about choosing the absolute best platform and partnership to meet Canada’s combined strategic, security and economic interests,” he said. The announcement does not immediately award TKMS a final contract. Ottawa will now enter detailed negotiations with the German shipbuilder over pricing, delivery, Canadian industrial participation, infrastructure, training and long-term maintenance that could take six to 18 months if not longer, Carney said, declining to specify the amount of the deal as not to "prejudice" the negotiations. He said the negotiations would remain commercially sensitive and that the government would not conduct them publicly in order to preserve Canada’s bargaining position. He said funding for the submarines had already been included in Canada’s fiscal framework and described the acquisition as the largest procurement in Canadian history. Canada has said it aims to award the final contract by 2028 and receive the first replacement submarine no later than 2035 to avoid a gap in its underwater capabilities. The Canadian Patrol Submarine Project is intended to replace the Royal Canadian Navy’s four aging Victoria-class boats with up to 12 conventionally powered submarines capable of operating across the Arctic, Atlantic and Pacific oceans. Canada identified TKMS and Hanwha Ocean as the project’s two qualified suppliers in August 2025 after assessing their designs, construction capacity and proposed delivery schedules. TKMS has offered to adjust delivery slots within existing German and Norwegian orders, allowing the first four Canadian submarines to be delivered by 2034, according to Carney. The outcome marks a major setback for Hanwha Ocean, which had mounted an extensive campaign emphasizing the KSS-III Batch-II’s long range, weapons capacity and faster delivery schedule. Despite the decision, Carney stressed that South Korea remained an important strategic partner and thanked both bidders and their governments for what he called thoughtful, comprehensive and cooperative proposals. 2026-07-07 05:28:15
  • Netanyahu Opposes Turkeys Return to F-35 Program Ahead of NATO Summit
    Netanyahu Opposes Turkey's Return to F-35 Program Ahead of NATO Summit Israeli Prime Minister Benjamin Netanyahu has publicly opposed Turkey's return to the U.S. F-35 fighter jet program. His comments came just before President Donald Trump is set to attend a NATO summit in Ankara, reflecting a strong stance against Turkey.In a Fox News interview on July 6, Netanyahu stated, "We should not provide Turkey with F-35s or fighter jet engines." He criticized the Turkish government as a regime influenced by the Muslim Brotherhood, arguing that supplying advanced fighter jets could disrupt the military balance in the Middle East.Turkey, a NATO member, has been at odds with the U.S. since it acquired Russian S-400 missile defense systems in 2019. The U.S. believes the S-400 could be used to gather intelligence on the F-35's stealth capabilities, leading to Turkey's exclusion from the F-35 joint development program.The issue has resurfaced as the Trump administration considers the possibility of Turkey rejoining the F-35 program. Turkey is a key military power within NATO and the host of the upcoming summit.Israel fears that Turkey's acquisition of the F-35 could weaken its air superiority. Currently, Israel is the only country operating the fifth-generation stealth fighter in the Middle East. Netanyahu emphasized, "The balance in the Middle East is guaranteed by Israel's air superiority and the strategic posture of the United States."Netanyahu also directly targeted Turkish President Recep Tayyip Erdoğan, stating, "President Erdoğan has continued to make hostile remarks towards Israel and is clashing with NATO allies over issues related to Cyprus and Greece."* This article has been translated by AI. 2026-07-07 05:28:00
  • Canada Selects Germanys TKMS for Next-Generation Submarine Program
    Canada Selects Germany's TKMS for Next-Generation Submarine Program Canada has chosen Germany's ThyssenKrupp Marine Systems (TKMS) for its next-generation submarine program, which could involve up to 12 vessels. South Korea's Hanwha Ocean competed until the end but did not secure the contract.On July 6, local time, Canadian officials announced TKMS as the preferred bidder for the new submarine acquisition project, according to reports from Reuters and The Guardian.TKMS proposed the 212CD class diesel-electric submarine, which is being jointly developed by Germany and Norway. Hanwha Ocean had been promoting its KSS-III Batch-II submarine in the competition.This project aims to replace Canada's aging Victoria-class submarines. Canada acquired four used Victoria-class submarines from the UK in 1998, but frequent maintenance issues and low operational availability have raised concerns about capability gaps. The new submarines are expected to enhance operations in the Arctic and the Atlantic and Pacific Oceans.Canada's decision to select TKMS is believed to be influenced by the interoperability among NATO member countries and the expansion of European defense cooperation. The 212CD class submarines are designed to be non-nuclear and feature low detectability due to the use of non-magnetic steel and stealth technology.Hanwha Ocean emphasized its quick delivery timeline and local industry collaboration, stating it could deliver the first submarine by 2032 and supply four by 2035, which would help mitigate Canada's capability gap.However, this selection does not finalize the contract. The Canadian government and TKMS will need to negotiate details regarding price, delivery timelines, local industry participation, and long-term maintenance and operational support. Reports suggest that it may take considerable time to finalize the contract.For Hanwha Ocean, this outcome could pose challenges for its global submarine export strategy. The Canadian project, with a potential order of up to 12 submarines, held significant symbolic value as a gateway to the NATO naval market. Hanwha Ocean is expected to continue pursuing other international submarine projects, leveraging the long-range capabilities and competitive delivery timelines of the KSS-III.* This article has been translated by AI. 2026-07-07 05:12:00
  • The Key to Survival in the Era of Technological Dominance: Trustworthiness in Materials and Components
    The Key to Survival in the Era of Technological Dominance: Trustworthiness in Materials and Components As the global supply chain undergoes restructuring and competition for technological dominance intensifies, South Korea's manufacturing sector stands at a pivotal juncture. The materials, components, and equipment (referred to as 'so-bu-jang') industry and the finished goods sector are intertwined, facing a collective crisis that requires a united response.Over the past 20 years, South Korea's so-bu-jang industry has worked diligently, with both government and private sectors collaborating to break free from a dependency-driven ecosystem and achieve technological independence. The government laid the groundwork for research and development with the enactment of the Special Measures Act for the Promotion of Parts and Materials Companies in the early 2000s. Following Japan's export restrictions in 2019, the establishment of the So-bu-jang Competitiveness Committee and legislative amendments created a robust institutional defense. Major private enterprises have also introduced mass production evaluations for supplier products and invested in cooperative efforts to drive the localization of key materials, transforming the trade balance of so-bu-jang into a solid surplus.Now, it is time to build new competitive advantages that can lead the global market, moving beyond the achievements of localization. While past policies focused on quantitative localization and price competitiveness, future survival hinges on securing the highest level of 'reliability' that global demand companies can adopt without hesitation. It is essential to clarify the essence of reliability. Reliability is not merely about meeting standard compliance on paper; it signifies a high-level suitability for use that performs its original function flawlessly without a single failure throughout its guaranteed lifespan in harsh real-world market conditions. No matter how innovative a new technology may be, if failures occur in the field, it cannot cross the threshold of commercialization, nor can it maintain global market dominance.In today's landscape, where a single quality incident can lead to massive recalls and a significant decline in brand value, post-facto responses centered on improving manufacturing processes have clear limitations. The paradigm must shift to 'Design for Reliability,' which eliminates potential risks from the planning and design stages of products. For South Korea's manufacturing sector to become an irreplaceable core pillar of the global supply chain, it must focus all its efforts on a qualitative leap that establishes a world-class reliability design and verification system, going beyond mere localization.The semiconductor industry exemplifies this need. Semiconductors for AI data centers and high-bandwidth memory (HBM) face challenges such as ultra-fine processes, high-density packaging, and severe heat issues, making long-term reliability a key competitive factor. For our so-bu-jang companies to enter the global supply chain, reliability data accumulated through accelerated life testing (ALT) and harsh environment validation from the design stage is essential. Localization that is not backed by data cannot guarantee sustainable competitiveness. Ultimately, reliability data serves as the technical language for entering the supply chain and the strongest evidence for gaining the trust of global customers.In the automotive industry, reliability is a core differentiator for South Korean manufacturing. Recently, China has rapidly grown based on its vast domestic market and government support, but decades of accumulated quality data and field experience cannot be acquired in a short time. As the industry transitions to electric vehicles (EVs) and software-defined vehicles (SDVs), the reliability of automotive semiconductors, batteries, and various electronic components is directly linked to human safety. The ability to withstand harsh impacts, heat, and vibration over extended periods is a significant barrier to entry. The competition in automotive so-bu-jang has shifted from 'Can it be made?' to 'How long can it safely endure?'The defense and shipbuilding industries are no exceptions. Systems operating in extreme environments such as polar regions, deserts, and deep seas demand even stricter reliability. If key components cannot ensure reliability and dependence on foreign supply chains persists, it could threaten not only industrial competitiveness but also national security. Therefore, securing independent reliability evaluation technologies and certification systems must be approached as a national strategic issue beyond mere industrial policy.Ultimately, reliability is a common denominator of competitiveness that permeates the entire South Korean manufacturing sector, including semiconductors, automobiles, defense, shipbuilding, power and electronics, and physical AI-based robotics. Reliability cannot be achieved through short-term investments alone; it is the product of accumulated testing data, field experience, and specialized personnel over time. Now, both the government and industry must focus more on building reliability verification infrastructure and standard systems beyond just technological development. When South Korea masters the science of reliability, the so-bu-jang industry can firmly maintain its irreplaceable status at the top of the global supply chain, outpacing competing nations that rely on massive government subsidies and domestic markets.* This article has been translated by AI. 2026-07-07 05:04:00
  • Funeral of Ayatollah Ali Khamenei Draws Regional Militant Leaders
    Funeral of Ayatollah Ali Khamenei Draws Regional Militant Leaders The funeral for Ayatollah Ali Khamenei, the former Supreme Leader of Iran, has been taking place in Tehran since July 5, drawing large crowds during the mourning period. Iranian authorities welcomed delegations from various countries. The New York Times reported from Tehran for the first time since the war began.Among those attending Khamenei's funeral were representatives from Hezbollah, Hamas, and the Houthis, militant groups that have formed an anti-U.S. front alongside Iran, according to France 24. The Iranian government has reportedly supported these groups for years, all of which have been designated as terrorist organizations by the U.S. and other Western nations.On July 4, leaders from Hezbollah, Hamas, and the Houthis gathered at the Grand Mosalla Mosque in Tehran to pay their respects to the late Supreme Leader. They also met with Iranian Foreign Minister Abbas Araghchi, according to Iranian state media.The Hezbollah delegation was led by senior official Mohammed Fneish, a former minister, and included family members of fallen and injured fighters.Hamas sent a delegation led by its political bureau chief, Mohammed Darwish, which included other members of the political bureau, such as Bassem Naeem. In July 2024, Hamas's then-political leader Ismail Haniyeh had attended the inauguration of Iranian President Masoud Fazekian, only to die in an Israeli airstrike at his Tehran hotel. The Islamic Jihad, another militant group allied with Hamas, was represented by its leader Ziyad al-Nakhalah, while the Houthis were represented by Daif Allah al-Shami.Delegations from Russia, Qatar, Oman, Iraq, Kyrgyzstan, Uzbekistan, Egypt, Bangladesh, and Nicaragua also attended the funeral, according to Iran Wire.During the funeral, Iranian authorities recited verses from the Quran in front of the delegations. However, the verses varied for each group. Al Jazeera reported that the verses recited for pro-Iran militant groups like Hamas and Hezbollah, as well as for delegations from Pakistan, which mediated U.S.-Iran negotiations, contained positive messages about loyalty to promises and firm devotion to God. In contrast, the verses for the pro-U.S. Saudi delegation included, 'The believers saw their enemies doubled, but the Lord grants victory as He wills. This serves as a lesson for those with insight.' Analysts noted that this has led to various interpretations among observers.Khamenei's funeral is set to last for seven days. An official event for foreign delegations took place on July 3, followed by the official funeral ceremonies at the Grand Mosalla Mosque on July 4 and 5. The ceremonies continued in Tehran on July 6, and on July 7, the funeral will move to Qom, a Shiite holy site. Iranian authorities plan to hold memorial services in Najaf and Karbala on July 8, with the final burial ceremony scheduled for July 9 at the Imam Reza shrine in Mashhad, Khamenei's birthplace.* This article has been translated by AI. 2026-07-07 05:04:00
  • Government Imposes Restrictions on Dual Listings to Protect Parent Company Shareholders
    Government Imposes Restrictions on Dual Listings to Protect Parent Company Shareholders Restrictions on Dual Listings Tightened to Protect Parent Company ShareholdersThe government has effectively halted 'asymmetric dual listings' that infringe on the rights of common shareholders in parent companies. To list subsidiaries, companies must now navigate stringent procedures to ensure the protection of parent company shareholders. Notably, subsidiaries formed through physical division will be required to obtain shareholder consent under the '3% rule,' which limits the voting rights of major shareholders. As a result, the threshold for initial public offerings (IPOs) for large corporate affiliates is expected to rise significantly.On July 6, the Financial Services Commission and the Korea Exchange released detailed guidelines on the 'principle prohibition of dual listings and exceptional allowances.' This follows the government's capital market reform measures announced in March, aimed at curbing dual listings and spinoff listings, which have been cited as factors contributing to the Korea Discount.According to the guidelines, parent company boards pursuing dual listings must fulfill five obligations: assessing shareholder impact, establishing shareholder protection measures, communicating with shareholders and confirming their consent, voting on the listing proposal, and disclosing relevant information. Additionally, to ensure compliance, an 'independent special committee' comprising at least three directors or external experts must be formed for prior review and decision-making.The criteria for shareholder consent, which garnered significant attention, will apply the '3% rule' rather than a minority shareholder majority vote. This means that the voting rights of the largest shareholder and related parties will be capped at 3%, and a majority of attending shareholders (at least one-quarter of voting rights) must agree for a dual listing to proceed.The criteria for shareholder consent will vary by subsidiary type. Subsidiaries formed through physical division must obtain consent from parent company shareholders. For general subsidiaries (acquisitions or newly established), obtaining shareholder consent will be considered sufficient for investor protection, but those that do not will face strict scrutiny. However, 'low-weight subsidiaries,' which account for less than 10% of the parent company's revenue, operating profit, or assets, will not require shareholder consent.The market anticipates that the implementation of these guidelines will improve practices that have previously harmed parent company shareholders through spinoff listings. As of the end of last year, the dual listing rate in South Korea stood at 11.2%, significantly higher than in major countries like the United States (0.05%) and Japan (4.0%). However, concerns remain that the increased difficulty of dual listings through physical division may dampen the IPO market, with voices in the venture capital and private equity sectors expressing worries about the challenges of recouping investments through IPOs.New Semiconductor Cluster to Be Established at Gwangju Military AirportThe government has selected Gwangju Military Airport as the site for a new semiconductor cluster in the southwestern region. This decision is part of the government's 'Three Mega Projects for South Korea's Great Leap Forward,' with a focus on resolving site issues before making significant investments.On July 6, Kang Hoon-sik, Chief of Staff to the President, held a briefing at the Cheong Wa Dae press center regarding the joint public-private review meeting for the mega projects. He stated, "During today's meeting, we decided to establish a semiconductor industrial complex at Gwangju Military Airport, as companies indicated it was the most suitable site among candidates in the Honam region."The meeting prioritized discussions on the semiconductor sector, which has the largest investment scale among the mega projects. President Yoon Suk Yeol chaired the meeting and emphasized the need for swift progress. He plans to hold related meetings monthly to monitor the progress of the semiconductor cluster and other key tasks within the three mega projects by region.The main advantage of the Gwangju Military Airport site is its potential for a large area of approximately 2.5 million pyeong, and the airport's existing flat terrain will significantly reduce the construction time needed for site development.During the meeting, companies also raised concerns about securing essential infrastructure such as power and water, as well as improving living conditions related to housing, transportation, and education.Given the nature of the semiconductor industry, which requires rapid advancement, government support is deemed essential for a project that aims to transform the entire regional industrial ecosystem. The government plans to actively support the establishment of the industrial complex, permitting processes, infrastructure, and living conditions.Canada Selects German TKMS for Next-Generation Submarine Project, Hanwha Ocean DisappointedThe Canadian government has chosen Germany's ThyssenKrupp Marine Systems (TKMS) as the preferred bidder for its next-generation submarine construction project (CSPS), according to multiple government sources cited by the Globe and Mail on July 6.Prime Minister Mark Carney is expected to officially announce the selection of the preferred bidder for the Canadian Patrol Submarine Project (CPSP) at 5:10 PM local time (6:10 AM KST) on July 7 in Halifax, Nova Scotia.This project aims to replace the Royal Canadian Navy's four 2,400-ton Victoria-class submarines with up to 12 new diesel submarines of up to 3,000 tons by the mid-2030s. The total project cost, including construction, operation, maintenance, and performance upgrades, is estimated to reach up to CAD 60 billion.The Canadian government evaluated both Hanwha Ocean's KSS-III model and TKMS's 212CD as meeting the navy's performance requirements. The final selection reportedly considered investment in the Canadian economy and the industrial ripple effects as key criteria.Hanwha Ocean proposed over CAD 70 billion in investments and trade expansion, along with the creation of more than 25,000 jobs annually until 2044. TKMS, in partnership with Norway, claimed it could contribute CAD 86 billion to Canada's GDP and create over 650,000 jobs during the project period.Hanwha Ocean and HD Hyundai Heavy Industries were shortlisted candidates competing against TKMS.New Penalties for Distributing Fake News to Be EnforcedThe responsibility for online false information is set to be significantly strengthened. Content creators and platforms distributing such information will now face punitive damages.On July 6, the government took its first step toward eradicating 'fake news.' With the implementation of revised laws and enforcement regulations, the accountability for online false information has been greatly enhanced.The government has amended laws to address the growing harm caused by illegal and misleading information disseminated through information networks, which infringe on individual rights and create social chaos. The revisions aim to strengthen the economic responsibility of those distributing false information while expanding the means for victims to seek redress.One notable change is the introduction of a fine system of up to 1 billion won. Information publishers who profit from disseminating false or misleading information by posting three or more articles in the three months prior to distribution will face fines if they repeat the distribution of information deemed illegal or misleading by the court more than twice. The fines will be determined based on the severity of the violations through a process of aggravation or mitigation.Victims will also have enhanced avenues for redress. Individuals harmed by false information can file for damages, and if a publisher of a certain scale intentionally or maliciously distributes false information causing harm, the court may award up to five times the amount of damages.In cases where harm has occurred but the exact amount cannot be proven, the court may recognize damages up to 50 million won.The application of aggravated damages will be limited to information publishers of a certain scale. This includes those who have posted three or more articles in the three months prior to distribution while profiting from advertisements and have at least 100,000 subscribers or an average monthly view count of over 100,000 during the same period.* This article has been translated by AI. 2026-07-06 22:04:00
  • Canada Selects Germanys TKMS for Next-Generation Submarine Project
    Canada Selects Germany's TKMS for Next-Generation Submarine Project The Canadian government has chosen Germany's ThyssenKrupp Marine Systems (TKMS) as the preferred bidder for its next-generation submarine construction project, according to multiple government sources cited by the Globe and Mail on July 6.Prime Minister Mark Carney is set to officially announce the selection of the preferred bidder for the Canadian Submarine Project (CPSP) at 5:10 p.m. local time in Halifax, Nova Scotia.This project aims to replace the Royal Canadian Navy's four 2,400-ton Victoria-class submarines with up to 12 new diesel submarines, each weighing up to 3,000 tons, by the mid-2030s. The total project cost, including construction, operation, maintenance, and performance upgrades, is estimated to reach up to CAD 60 billion.The Canadian government evaluated both Hanwha Ocean's KSS-III model and TKMS's 212CD model as meeting the navy's performance requirements. The final selection reportedly considered factors such as investment in the Canadian economy and industrial impact.Hanwha Ocean proposed over USD 70 billion in investments and trade expansion, along with the creation of more than 25,000 jobs annually until 2044. In contrast, TKMS, in partnership with Norway, projected a contribution of USD 86 billion to Canada's GDP and the creation of over 650,000 jobs during the project period.Hanwha Ocean and HD Hyundai Heavy Industries were shortlisted as finalists, competing against TKMS for the contract. 2026-07-06 21:36:00
  • Vietnam National Football Team Dominates Siheung FC 6-0 in Training Match
    Vietnam National Football Team Dominates Siheung FC 6-0 in Training Match The Vietnam national football team achieved a resounding 6-0 victory over Siheung FC in their first training match during their visit to South Korea. Coach Kim Sang-sik utilized different lineups in each half to assess player adaptation and tactical strategies. However, some Vietnamese football fans questioned the significance of the win, given that the opponent is a team from South Korea's third division.According to the Vietnam Football Federation, the match took place on July 5 in Incheon, South Korea, where Vietnam opened the scoring just two minutes into the game with a goal from Nguyen Tran Viet Cuong. Hai Long and Do Hoang Hen each scored two goals, while Nguyen Dinh Bac added a late goal in the second half.Coach Kim viewed this match as the first evaluation of their training camp in Korea. Siheung FC currently competes in K League 3, and the Vietnam team plans to gradually increase the intensity of their matches against higher-level opponents. Outside the stadium, Vietnamese fans showed their support by waving flags.Vietnam maintained their attacking momentum throughout the first half. In the 31st minute, Hai Long scored a calm finish for an additional goal. Shortly after, in the 38th minute, he netted his second goal with an assist from Viet Cuong.In the second half, the lineup changed as Coach Kim introduced naturalized goalkeeper Patrick Rejiang, along with naturalized players Nguyen Suan Son, Nguyen Thai Loc, and Do Hoang Hen. With the addition of forward Nguyen Dinh Bac, Vietnam continued to dominate the match.Hoang Hen showcased his scoring ability early in the second half, netting a goal in the 48th minute to extend the lead to 4-0. Four minutes later, Suan Son made a quick run and delivered an accurate pass to Hoang Hen, who scored again, making it 5-0. Despite the large score margin, Vietnam did not relent, and in the 83rd minute, Dinh Bac scored to finalize the 6-0 victory.Reactions among Vietnamese football fans were mixed. One user commented, “Winning against a third division team is not something to brag about.” Another remarked, “It seems they had to come to Korea to play a third division team due to the World Cup period.” A fan expressed curiosity about whether Coach Kim viewed the national team as being at the same level as a K League 3 team.Following this match, Vietnam will face Yongin FC and Gangwon FC in succession. Yongin FC is a K League 2 team, while Gangwon FC competes in K League 1. Coach Kim aims to elevate the level of competition to enhance the players' match experience and combinations. The national team will return home on July 14 and will play a friendly match against Myanmar four days later at Thai Nguyen Stadium. After this match, Coach Kim will finalize the roster for the 2026 ASEAN Cup.Meanwhile, the 2026 ASEAN Cup is scheduled to take place from July 24 to August 8. Vietnam has been drawn into Group A alongside Indonesia, Cambodia, Singapore, and Timor-Leste. The team will kick off their title defense on July 24 with an away match against Timor-Leste in Malaysia.* This article has been translated by AI. 2026-07-06 21:28:00