Good News: SoKor's HHI bags P25B deal to build PH Navy's brand new corvettes

Good News: SoKor's HHI bags P25B deal to build PH Navy's brand new corvettes


Its Official: The Philippine Navy will be having a brand new modern warship.

As reported in, South Korea’s Hyundai Heavy Industries (HHI) has secured a contract to build two corvettes for the Philippine Navy for P25 billion.

A notice of award was issued by the Department of National Defense (DND) last Dec. 15. A contract signing could happen before yearend, said the senior officials.

One of the Sokor's Pohang class corvette in service to the Philippine Navy
(photo credit to owner)

The acquisition would be financed by a government-to-government loan agreement, Department of National Defense (DND) Secretary Delfin Lorenzana said in earlier statements.


HHI has been the favored supplier for the program since it was announced in 2019, based on statements of top defense and navy officials. The South Korean shipbuilder also built two multi-role frigates for the Philippine Navy in a P16 billion contract in 2016.


The corvette acquisition project, which is estimated to cost P28 billion including weapon systems, is one of the big-ticket items in the Philippine Navy’s upgrade program. Plans to acquire the corvettes had been stalled last year because of the diversion of defense funds to pandemic response.

The warships would boost the country’s presence around the archipelago especially in the West Philippine Sea(WPS) , where tensions continue to rise.






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Report from PDI



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