Philippines Eyes Submarine Capability as Hanwha Ocean Proposes Base Construction

President Ferdinand Marcos is progressing towards establishing the Philippines submarine capability as Hanwha Ocean proposes to build a submarine base during the Asia-Pacific Economic Cooperation summit in South Korea.

• During the Asia-Pacific Economic Cooperation summit in Busan, South Korea, President Ferdinand Marcos discussed Hanwha Oceans proposal for building a submarine base in the Philippines.
• The plan aims to support the Philippine Navys submarine acquisition and operations, enhancing the countrys maritime defense capabilities amid regional security concerns.
• Hanwha Ocean, a major South Korean defense contractor, is positioned to play a crucial role in the Philippines shipbuilding and maritime defense modernization efforts.