Arms agency to pick shipbuilder for homegrown destroyer through selective bidding

The state arms procurement agency plans to introduce a selective bidding process to pick a shipbuilder for the country's first homegrown advanced destroyer, officials said Monday. The Defense Project Promotion Committee made the decision in a meeting held Monday afternoon, finalizing how it will pick the winner of the estimated 7 trillion-won ($5 billion) project to build six advanced destroyers, according to the Defense Acquisition Program Administration. The project had been in a limbo over a legal feud between shipbuilders Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. that had taken part in designing the envisioned destroyer.