According to information published by the South Korean MoD on November 17, 2024, South Korean President Yoon Suk Yeol and Peruvian President Dina Boluarte met in an official summit at the Presidential Palace in Lima, Peru. During this landmark meeting, the two nations adopted a joint declaration and signed multiple Memorandums of Understanding (MOUs), significantly advancing their partnership in naval defense, among other areas.
Among the defense agreements signed, the most notable is the MOU for joint submarine development. This initiative aims to combine South Korea’s advanced naval engineering capabilities with Peru’s strategic maritime interests, fostering closer military collaboration between the two countries.
The joint submarine development aligns with Peru’s aspirations to modernize its naval fleet and improve its maritime capabilities. South Korea, with its expertise in building advanced naval platforms such as the KSS-III submarines, is well-positioned to assist Peru in this endeavor. The agreement also opens doors for technology transfer, industrial cooperation, and enhanced interoperability between the two nations’ naval forces.
In addition to the submarine development, the two leaders emphasized the importance of leveraging South Korea’s advanced shipbuilding industry to explore further naval projects, including potential collaborations on surface combatants and logistics vessels.