S. Korea bidding for Brazil's warship buildup project
SEOUL, Nov. 18 (Yonhap) -- South Korea is seeking to sell 11 warships to Brazil anxious to build up its maritime defense for offshore oil deposits, a government official in Seoul said Thursday.
South Korea's Daewoo Shipbuilding and Marine Engineering, the world's No. 2 shipbuilder, recently submitted a preliminary proposal for the contract worth as much as 4 trillion won (US$3.5 billion), the official said.