BUSINESS

Daewoo Shipbuilding hands over submarine to Indonesian navy

By Catherine Chung
  • Published : Aug 2, 2017 - 16:56
  • Updated : Aug 2, 2017 - 16:56
Daewoo Shipbiulding & Marine Engineering Co., a major shipyard here, handed over a 1,400-ton diesel-electric submarine to the Indonesian Navy on Wednesday, becoming the first South Korean company to export a submarine.

The company said it held a ceremony at its Okpo shipyard on Geoje Island off the southern coast to mark the event.

The boat is the first of three submarines commissioned by the Southeast Asian country under a 2011 deal worth $1.1 billion, which is equivalent to selling some 730,000 locally made midsize cars abroad, Daewoo Shipbuilding said. 

In this photo provided by Daewoo Shipbuilding & Marine Engineering Co., participants at a delivery ceremony of a submarine pose for a photo at its shipyard on Geoje Island, off the country`s southern coast on Aug. 2, 2017. The shipbuilder handed over the submarine to Indonesia, becoming the first South Korean company to export a submarine. (Yonhap)

Following the delivery, South Korea became the fifth country in the world to export a submarine, after Britain, France, Russia and Germany.

The second submarine is under construction with the plan to be completed within the year and the third one will be made in "block form" here and sent to Indonesia to be assembled by 2018, the company said.

The submarines, is a modified version of the Chang Bogo-class attack submarines currently in service in the South Korean Navy. It can cruise for 18,520 kilometers without making port call, twice the distance from the country's southern port city of Busan to Los Angeles. The new boats are expected to serve in Indonesia's Navy for at least 30 years.

The Chang Bogo's are modified Germany Type 209 submarines built and fitted in South Korea. (Yonhap)