Daewoo Shipbuilding & Marine Engineering (DSME) said it has secured a contract to design and construct a submarine rescue vessel for the Republic of Korea Navy.
The contract is valued at approximately 444 billion Korean won ($395 million).
The new submarine rescue vessel will be equipped with the latest diving system capable of diving up to 300 meters and a new deep sea diving rescue (DSRV) capable of rescuing the crew of the distressing submarine up to 500 meters.
The remotely operated vehicle to be installed on the vessel will be able to operate at depths of 1,000 meters.
DSME said it will complete the vessel by the end of 2022 and deliver it to the ROK Navy.