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Philippines picks South Korea over Turkey for patrol vessels

Deal with Australia's Austal scrapped due to price increase request

A Hyundai Heavy Industries shipyard about 410 km southeast of Seoul. South Korea's relative proximity to the Philippines helped Hyundai edge out Turkey's Asfat in bidding for a Philippine patrol boat contract.   © Reuters
SINAN TAVSAN, Nikkei Staff Writer | Philippines

ISTANBUL -- The Philippines has chosen South Korea's Hyundai Heavy Industries over a Turkish rival to build six offshore patrol vessels as it seeks to bolster its coastal defense.

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