HD Hyundai Heavy Industries Starts Construction of Warships in Peru By Investing.com

KDEfense’s Entry in Latin America Hains Momentum

• Four ships, including a frigate, are officially under construction of Peru SIMA Shipyardwith delivery starting in 2026
• of Peru President Dina Boluarte, Prime Minister, The Minister of Defence, and Navy leadership attended the launch event
• It’s a proverbstone for K-Security by Latin America. We will ensure the success of the project with advanced technology and truSt

SEOUL, South Korea, January 11, 2025 /PRNewswire/ — As 2025 begins, the expansion of K-Defense enters Latin America it has entered a new phase.

HD Hyundai Heavy Industries (KS:) (HD HHI) held a launch party for the Peru’s Civil War Project to January 10th at SIMA, a government-run shipyard Peru.

The ceremony marked the beginning of the construction of four ships: a frigate, a coastal patrol ship, and a submarine, which will serve as important strategic assets for Peruvian Navy. The event included metal-cutting and keel-laying ceremonies, marking the official start of construction.

of Peru President By Boluarte, Prime Minister Gustavo Adrianzén Olaya, Minister of Defence Walter AstudilloCommander of the Navy Luis Jose Polar Figariand other high government officials attended the event, together Joo Won-hothe head of Commercial Department of Naval & Special Ships at HD HHI.

These ships will be built in the area of SIMA Shipyardwhich leverages HD HHI’s advanced design expertise and shipbuilding expertise. The first delivery is scheduled for 2026, with subsequent ships to follow.

Peru’s Civil War Project comes from an export contract of that value KRW 640.6 trilliongiven HD HHI in April 2024. This project, achieved through cooperation between the Korean government and private enterprises under the project “Team Korea”, is seen as an example of the global expansion of K-Defense.

“This marks a very important event in the history of of Peru shipbuilding industry,” it said of Peru President By Boluarte. “We expect that this project with HD HHI will promote the development of Peruvian Navy and contributing to the growth of the country’s economy.

“This ceremony marks the beginning of K-Defense’s entry Latin America,” said Joo Won-hothe head of Naval & Special Ships Business Unit at HD HHI. “We intend to drive this project to success with technological excellence and trust, to strengthen security cooperation between Korea and Peru.”

In order to deepen bilateral security cooperation, HD HHI, in partnership with University of Ulsanwill host 12 Peruvian SIMA naval engineers for the inaugural two-week Naval Architecture Training Program January 13th. The company also plans to improve local shipbuilding capabilities by expanding partnerships with Peruvian equipment suppliers.

Looking ahead, HD HHI aims to create a global network of security zones through the Pan-Pacific Belt Vision. The strategy includes establishing partnerships, building local shipbuilding systems, and securing technology transfer packages around key areas, including. Peru, Philippines, Saudi Arabiaand United States.