(LEAD) Lee says ties with Canada advancing quickly in mutually beneficial manner (opens original article in a new tab)

South Korean President Lee Jae Myung met with Canadian Prime Minister Mark Carney on the sidelines of the G7 summit, discussing advancing bilateral ties and cooperation in defense, investment, and culture. A South Korean consortium is competing for Canada's submarine contract.

• South Korean President Lee Jae Myung met with Canadian Prime Minister Mark Carney on the sidelines of the G7 summit.
• Bilateral ties are advancing quickly in a mutually beneficial manner, with cooperation in defense, investment, and culture.
• A South Korean consortium is competing with Germany's Thyssenkrupp Marine Systems for Canada's 60 trillion-won submarine acquisition project.