Hyundai Heavy announced Peru's President Alan Garcia Perez made an official visit to the main shipyard and marine engine factory on November 15.

Accompanied by Foreign Affairs Minister Garcia Belaunde and Trade Minister Ferreyros Kuppers, President Perez had a meeting with Hyundai Heavy's Chairman Min Keh-sik and President Oh Byung-wook to discuss mutual economic cooperation.

Hyundai Heavy Industries exports about USD 10 million of construction equipment including excavators and wheel loaders to Peru each year. Moreover, when the FTA signed this morning by Korean President Lee Myung-bak and his Peruvian counterpart comes into effect, exports to Peru are expected to increase further.