Korea, Peru sign deal to expand defense exchanges

Korea and Peru signed an agreement guaranteeing the quality of military products they export to each other in a deal expected to pave the way for expanding defense industry exchanges, Seoul's defense ministry said Wednesday.

The Defense Agency for Technology and Quality signed the memorandum of understanding at Peru's defense ministry on Sept. 11 for the mutual guarantee of the quality of military equipment and defense services traded between the two countries, the defense ministry said in a release.

The deal is a follow-up measure after Peruvian President Ollanta Humala visited Seoul in May for talks with South Korean President Lee Myung-bak to expand economic ties after a bilateral free trade agreement took effect in August last year.

Seoul has been in talks with Peru since early last year to sell 20 KT-1 single-engine trainer jets worth about $200 million.(Yonhap)