HD Hyundai Heavy Industries has signed a contract with the Peruvian Navy and state-owned shipyard SIMA to jointly develop a next-generation submarine. The agreement was marked by a photo opportunity at the SIMA shipyard in Lima, featuring HD Hyundai's Senior Executive Vice President Park Yong-yeol alongside Peruvian President Jose Jeri. This deal bolsters South Korean shipbuilding's presence in South America.
On December 21, 2025, South Korea's HD Hyundai Heavy Industries signed a contract with Peru's state-owned shipyard SIMA and the Peruvian Navy to jointly develop a next-generation submarine. The event took place on Friday (local time) at the SIMA shipyard in Lima, where HD Hyundai's Senior Executive Vice President Park Yong-yeol posed for photos with Peruvian President Jose Jeri.
HD Hyundai announced the deal on Sunday, highlighting its aim to strengthen its foothold in the South American market. While specific details of the contract remain undisclosed, it represents a key milestone in international collaboration for Korean shipbuilding technology. Peruvian officials view the project as a strategic partnership for modernizing their navy.
This agreement fits into HD Hyundai's broader global expansion strategy, which has seen the company extend its operations beyond Asia and the Middle East into South America in recent years. The accompanying photo was provided courtesy of HD Hyundai.
