DSME Faces Financial Loss with Indonesian Submarine Project - Naval News

DSME is reportedly expected to face 90 billion KRW ($67 million USD) worth of financial loss. The South Korean shipbuilding company pre-ordered components for three Indonesian submarines that DSME won in 2019 while the contract has yet to take effect.

According to the documents from the largest stakeholder of DSME, Korea Industrial Bank, and the National Assembly Member, Minkuk Kang of the People Power Party on August 18, DSME signed a contract wo… [+2961 chars]

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