Story perspectives

Canada, Korea Seal Minerals Stockpile, 30-Year LNG Deal

6/2/2026

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Summary

Hodgson & Kang Agree

Canada’s Minister Tim Hodgson and Korea’s Chief of Staff Kang Hoon-Sik met in Ottawa on June 2, 2026 and agreed on a critical-minerals stockpiling plan by end-2026.
Korea will import at least 1.4 million tons of Canadian LNG each year for over 30 years after Phase II begins in the early 2030s.
Kang Hoon-Sik met Stephen Fuhr and David McGuinty on June 1, 2026 to discuss Korea’s bid for Canada’s Patrol Submarine Project, worth up to 60 trillion won.

Summary

South Korea Announces

South Korea announced the ‘Jang Bogo-N’ roadmap on May 26, prompting Hanwha Ocean and HD Hyundai shares to rise 10.2% and 9.6%.
The 40-year plan aims to create over 40,000 jobs by linking shipbuilding, nuclear power and defence.
Korea will use low-enriched uranium in a reactor and start a U.S.–Korea fuel-supply working group in June.
Officials warned the move could spur Japan toward nuclear submarines, urging coordination to safeguard security ties.

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Hodgson & Kang Agree

Canada’s Minister Tim Hodgson and Korea’s Chief of Staff Kang Hoon-Sik met in Ottawa on June 2, 2026 and agreed on a critical-minerals stockpiling plan by end-2026.
Korea will import at least 1.4 million tons of Canadian LNG each year for over 30 years after Phase II begins in the early 2030s.
Kang Hoon-Sik met Stephen Fuhr and David McGuinty on June 1, 2026 to discuss Korea’s bid for Canada’s Patrol Submarine Project, worth up to 60 trillion won.

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