NORTH PACIFIC STRATEGY INITIATIVE
A Monthly Publication of the Initiative · NPSI-PL Series

The Pacific Ledger

A monthly account of the Canada–Korea relationship.

Two countries do twenty-five billion dollars of merchandise trade a year, and nobody keeps the books. Korean media covers Canada when a prime minister lands; Canadian media covers Korea when a submarine surfaces. In between — the cargoes, the contracts, the fifty-year partnerships — the account goes unrecorded. The Ledger records it: monthly, every entry sourced, both sides of the account kept honestly.

A ledger records both sides. So do we.

Current Issue

№ 01 · Premier Issue · July 2026 · NPSI-PL-001

The Submarine We Lost. The Friendship We Kept.

How July posted, after the loss.

On July 6 Canada named TKMS preferred supplier for the Canadian Patrol Submarine Project over Hanwha’s KSS-III — and the relationship spent the rest of the month posting new entries anyway. The ledger records LNG Canada’s first KOGAS cargo, a 3.3× expansion of Canadian crude to Korea, the NextStar battery plant at full ownership, a joint critical-minerals stockpiling plan, fifty years of CANDU collaboration, Defence Cooperation Agreement negotiations — and Kapyong at 75. Issue closed 28 July 2026.

Issue Archive

№ 01 · July 2026 · Premier Issue

The Submarine We Lost. The Friendship We Kept.

The TKMS decision, the entries that kept posting, the Hormuz exit, and Kapyong at 75.

№02 closes late August. The Ledger is the imprint’s one product with a stated cadence: it posts monthly. Working papers and briefings continue to publish only when the work is ready.

About the Ledger

The Pacific Ledger is edited by Jesse James and published by the North Pacific Strategy Initiative from Victoria, British Columbia. Issue text is licensed CC-BY-4.0. Every entry carries its source; open items are published as open items — a claim is never dressed as a confirmation. Corrections are welcomed at editor@npsi.ca and published, not argued with.

The analytical foundation for the Ledger’s beat is the imprint’s Canada–Korea corpus: WP1 — The Bilateral Foundation, WP3 — the Pacific Defence-Industrial Corridor, and WP5 — Sovereign Compute North.