LIG Nex1 & HD Hyundai to Deliver High-Tech Naval Systems for Peruvian Frigates.

According to information published by Sateconomy on November 27, 2024, LIG Nex1 has announced its entry into the Peruvian defense market, securing a contract to supply advanced naval equipment for the Peruvian Navy. The company revealed on the 27th that it signed an agreement on the 26th with HD Hyundai Heavy Industries to deliver systems for a 3,400-ton frigate and a 2,200-ton offshore patrol vessel (OPV) that will be operated by the Peruvian Navy. The contract will span until 2029.
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LIG Nex1 and HD Hyundai secure major deal to equip Peruvian Navy with advanced naval technology. (Picture source: SIMA PERU)

The equipment to be supplied by LIG Nex1 includes a surface combat system that integrates sensors, weaponry, and communication systems into a cohesive 'Sensor to Shooter' solution. LIG Nex1's package features state-of-the-art mission equipment, including electronic warfare systems and a robust combat management system.

These systems are designed to provide advanced electronic countermeasures against anti-ship missiles, early detection of electromagnetic activity, long-range electronic attacks, and intelligence gathering from enemy communication systems, significantly enhancing the survivability of the vessels.

The naval platforms equipped with LIG Nex1's technology will be built collaboratively by HD Hyundai Heavy Industries and Peru's state-owned SIMA Shipyard. The vessels will be delivered to the Peruvian Navy in stages.

LIG Nex1 emphasized the cooperative "Team Korea" effort with HD Hyundai Heavy Industries, showcasing a unified approach to penetrating international markets. This initiative aligns with the broader strategy of promoting Korean defense exports, particularly in Latin America. The company aims to leverage its success in Peru to foster partnerships with small and medium-sized enterprises (SMEs), contributing to a sustainable defense industry ecosystem.

South Korea- South America

The South Korean armament sector focused on establishing itself as a reliable alternative to traditional suppliers by emphasizing technology transfer, local production partnerships, and showcasing advanced but affordable platforms.

The aerospace sector became a flagship for South Korea’s defense outreach. Korea Aerospace Industries (KAI) solidified its presence with the sale of KT-1P trainer aircraft to Peru, a deal that became a benchmark for successful collaboration in the region. This $208 million contract went beyond simple acquisition, as it included assembling several aircraft in Peru, a move that aligned with the country’s desire to strengthen its domestic industrial base. The collaboration also showcased South Korea’s commitment to technology transfer, a key factor that differentiated its approach from competitors.

Ground systems also formed a vital part of South Korea’s strategy. Hyundai Rotem actively promoted its armored vehicle platforms, such as the K808, in countries like Colombia and Brazil.

The country’s approach combined economic pragmatism with technical sophistication, offering solutions that were affordable yet advanced enough to rival those of traditional suppliers. The willingness to incorporate technology transfer and local manufacturing made South Korea an attractive partner for nations looking to modernize their militaries while developing domestic industries.