• The Financial District


South Korea was set to launch a new 3,000-ton indigenous submarine featuring advanced combat and sonar systems in an effort to boost underwater defense capabilities, the Navy said, Oh Seok-min reported for Yonhap news agency.

The ceremony for the mid-class diesel-powered submarine, named after a prominent Korean independence fighter, Ahn Mu, was to take place at the Okpo Shipyard of Daewoo Shipbuilding and Marine Engineering Co. in the southeastern city of Geoje later in the day.

It is the second of three 3,000-ton-class submarines that South Korea plans to build by 2023 with its own technologies under a 3.09 trillion won (US$2.77 billion) project launched in 2007. The first submarine, the Dosan Ahn Chang-ho, was launched in 2018 and is expected to be put into operational deployment around the end of this year. The South Korean has a fleet of 18 submarines.

The 83.3-meter-long and 9.6-meter-wide submarine is capable of carrying 50 crewmembers and can operate underwater for 20 days without surfacing, officials of the Defense Acquisition Program Administration (DAPA) said, adding that it will be equipped with six vertical launching tubes capable of firing submarine-based ballistic missiles. It will be delivered to the Navy and deployed in 2022 after necessary tests, they added.

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