Hanwha Ocean has been chosen as the builder for the Royal Thai Navy’s next-generation frigate construction project. The deal, announced in Seoul, is valued at 680 billion won. This marks a significant win for the South Korean defense contractor in the Southeast Asian market. The project involves the construction of new frigates for the Thai Navy, enhancing its maritime capabilities. Details of the frigate specifications and construction timeline were not immediately released. This contract solidifies Hanwha Ocean’s position as a key player in the global naval shipbuilding industry and strengthens defense ties between South Korea and Thailand. The company anticipates further opportunities for collaboration in the region.