{"id":262281,"date":"2026-05-28T01:12:45","date_gmt":"2026-05-27T16:12:45","guid":{"rendered":"https:\/\/tenbizt.com\/en\/news\/uncategorized\/2026\/05\/28\/south-koreas-15b-nuclear-submarine-race-who-wins-the-battle\/"},"modified":"2026-05-28T01:12:46","modified_gmt":"2026-05-27T16:12:46","slug":"south-koreas-15b-nuclear-submarine-race-who-wins-the-battle","status":"publish","type":"post","link":"https:\/\/tenbizt.com\/en\/news\/military\/2026\/05\/28\/south-koreas-15b-nuclear-submarine-race-who-wins-the-battle\/","title":{"rendered":"South Korea\u2019s $15B Nuclear Submarine Race: Who Wins the Battle?"},"content":{"rendered":"<div class=\"imgBox\" ib_center id=\"imgBox_2948166\">\n<figure id=\"captionBox\"><img loading=\"lazy\" decoding=\"async\" alt=\"President\" lee jae-myung listens to a briefing on the nuclear-powered submarine plan changwon\u2014yonhap news, kim do-hoon president lee jae-myung is listening to defense minister ahn kyubaeks briefing on the basic plan for developing a nuclear-powered submarine at the 1st future defense strategy committee held in jinhae-gu, changwon, gyeongnam, on the 26th height=\"346\" id=\"imgs_2948166\" photo_no=\"2948166\" src=\"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/image\/2026\/05\/CP-2023-0070\/image-a150eb15-eb42-4eaa-a420-f5afc9b0aca5.jpeg\" width=\"640\"><figcaption class=\"p_caption\">\n   President Lee Jae-myung listens to Defense Minister Ahn Kyubaek&#8217;s briefing on the basic plan to develop a nuclear-powered submarine at the 1st Future Defense Strategy Committee in Jinhae-gu, Changwon, Gyeongnam, on the 26th. [Photo=Yonhap News]<br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p> The unveiling of South Korea\u2019s nuclear-powered submarine program\u2014estimated in the tens of trillions of KRW (tens of billions of USD)\u2014has ignited a fierce leadership contest between frontrunners Hanwha Ocean and HD Hyundai Heavy Industries. Hanwha Ocean grabbed the early advantage after winning the basic-design contract, while HD Hyundai is pushing back with a bid centered on small modular reactor (SMR) technology, the submarine\u2019s propulsion core. <\/p>\n<p> Shipbuilding and defense sources said Hanwha Ocean signed the basic-design contract with the Agency for Defense Development (ADD) in 2022. The government has branded the effort the Jangbogo\u2011N program, targeting the first hull\u2019s launch in the mid-2030s and full operational capability by the late 2030s. <\/p>\n<p> The plan calls for roughly three submarines around 8,000 metric tons each. It would be South Korea\u2019s largest submarine program and comparable in scale to the U.S. Navy\u2019s Virginia class, putting it among the world\u2019s leading projects. <\/p>\n<p> Considering U.S. nuclear-submarine development and construction costs, analysts estimate the Korean program will cost at least 20 trillion KRW (15 billion USD). If the effort extends beyond hull construction to include maintenance and repair (MRO), reactor and propulsion-system development, and follow-on production, the economic ripple effects could be substantial. <\/p>\n<p> Only six countries\u2014the United States, Russia, China, the United Kingdom, France and India\u2014currently operate nuclear-powered submarines. By entering this field, which is central to global maritime power competition and a potential pillar of future K\u2011defense exports, South Korea has signaled its ambitions. <\/p>\n<p> The government announcement has naturally focused industry attention on Hanwha Ocean and HD Hyundai Heavy Industries. Observers say Hanwha Ocean holds an early lead after signing the ADD basic-design contract. Basic design determines core elements\u2014hull form, propulsion architecture and operational concepts\u2014and will shape the program\u2019s direction. <\/p>\n<p> HD Hyundai is aiming for a turnaround in the detailed-design and construction phases, highlighting its in\u2011house SMR manufacturing capabilities as a key competitive edge. <\/p>\n<p> Still, analysts expect the two companies will eventually need to cooperate. A nuclear\u2011powered submarine program integrates ultra\u2011complex technologies\u2014from hull fabrication to reactor systems, combat systems and safety design\u2014making it unlikely that a single firm could execute the entire program alone. <\/p>\n<p> \u201cThis project consolidates national strategic technologies,\u201d an industry source said. \u201cGiven the project\u2019s scale and technical complexity, the government will likely step in to coordinate roles and marshal domestic shipbuilding and defense capabilities.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Korean nuclear submarine project reveals fierce competition between Hanwha Ocean and HD Hyundai Heavy Industries for dominance.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_thumbnail_url":"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/thumbnail\/2026\/05\/CP-2023-0070\/thumb-048ee73a-432f-48ca-b00e-cd9882b3bb31.jpg","footnotes":""},"categories":[278104],"tags":[],"class_list":["post-262281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-military"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea\u2019s $15B Nuclear Submarine Race: Who Wins the Battle?<\/title>\n<meta name=\"description\" content=\"The Korean nuclear submarine project reveals fierce competition between Hanwha Ocean and HD Hyundai Heavy Industries for dominance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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