[Asia Economy Sejong=Reporter Kim Hyewon] The Ministry of Economy and Finance announced on the 28th that it will jointly host the "6th Korea-Latin America Business Summit" with the Inter-American Development Bank (IDB) from the 29th to the 30th.


Now in its sixth year, the event is a representative Korea-Latin America economic cooperation platform that facilitates discussions among policy officials and private experts in key cooperation sectors between Korea and Latin America, as well as networking and consultations between companies. Approximately 400 participants are expected, including high-level officials from Latin American governments, companies, and public institutions, Latin American ambassadors to Korea, diplomatic envoys, and businesspeople from both regions.


The event consists of a business forum, sector-specific seminars, one-on-one business consultations, and a startup pitch day. At the opening ceremony on the first day, Kim Sungwook, Director General of International Economic Management at the Ministry of Economy and Finance (opening remarks), Benigno Lopez Benitez, Vice President of IDB (keynote speech), Yoon Heesung, President of the Export-Import Bank of Korea, and Yoo Jungyeol, President of KOTRA (congratulatory remarks) will attend to present each institution's vision for Korea-Latin America cooperation.


The one-on-one business consultations are divided into export and import company consultations, with about 160 Korean and Latin American companies specializing in supply chain, green, ICT sectors, as well as agriculture and food sectors participating.



Additionally, on the occasion of this year's Korea-Latin America Business Summit, a meeting and discussions between IDB and Korean companies, as well as memorandums of understanding (MOUs) with cooperating institutions, are expected to be signed.


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