Peru pitches $39 billion of infrastructure projects to South Korean firms

Peru's state-run promotion agency ProInversion showcased a $39 billion slate of 85 infrastructure and mineral projects to South Korean stakeholders during a seminar in Seoul. The portfolio features extensions of the Lima Metro, new rail corridors linking Lima with Ica, Barranca and the Andahuaylas-Marcona corridor, and several special-economic-zone frameworks favored by the new Peruvian administration. Nearly 40 South Korean government officials, public-sector bodies and private firms, including Hyundai Heavy Industries, Posco International and Korea Zinc, participated.

The event also inaugurated the Korea-Peru Business and Friendship Association, chaired by former ambassador and Dohwa Engineering vice-chairman Cho Joon-hyuk, to coordinate future roundtables and business matchmaking. Both nations hope the collaboration will diversify mineral supply chains and expand Korean involvement in Peru's transport and defense sectors.