Overview
- Under the framework, Peru plans to buy 195 vehicles comprising 54 K2 main battle tanks and 141 K808 8x8 armored vehicles.
- Seoul says the arrangement would be South Korea’s largest ground-equipment export to Latin America and the K2’s first entry into the region if the execution contract is completed.
- Hyundai Rotem told regulators that price and terms will be set in an execution agreement slated for 2026, with Yonhap reporting an estimated value above $1.4 billion and financing details still to be defined.
- A Peruvian Army logistics chief said Hyundai Rotem projects an initial investment of about $270 million to establish an assembly complex in Peru for the vehicles.
- The signing in Lima was led by President José Jerí, with South Korea’s DAPA chief Lee Yong-chul attending alongside senior Peruvian civilian and military officials.