South Korea Signs Tanks Deal With Peru to Expand Its Global Push

South Korea has signed a preliminary agreement with Peru to supply battle tanks and armored vehicles in its largest defense deal with a Latin American country as it seeks to expand its presence in the global arms market beyond Europe.

The deal, if finalized, could surpass 2 trillion won ($1.4 billion), Yonhap News said, without citing sources. It includes the potential sale of 54 K2 tanks and 141 armored vehicles by Hyundai Rotem Co. to the Peruvian army with a goal to sign a contract by next year, South Korea’s presidential office said on Wednesday.