Hanwha Ocean edged out HD Hyundai Heavy Industries in the bid for South Korea's destroyer project worth about 7.8 trillion won ($5.1 billion), bringing a long-delayed naval modernization program a step closer to implementation. According to defense industry sources, the Defense Acquisition Program Administration has completed its evaluation of proposals submitted by Hanwha Ocean and HD Hyundai Heavy Industries for the detailed design and lead ship construction phase of the Korean Destroyer Next