Indonesia to Buy Korean Submarines
Daewoo Shipbuilding and Marine Engineering reportedly has been awarded exclusive negotiator status to sign a W1 trillion export contract for diesel submarines with the Indonesian Defense Ministry and Navy, according to a report on http://english.chosun.com. Korea was in competition with Russian, French and German firms. The winning bidder will build three 1,400-ton subs reportedly worth W1.2 trillion, making it Korea's single biggest arms export.