The objective of the event is to expand and strengthen the commercial ties between Korea and Latin American and the Caribbean Countries and to provide a better understanding of investment and trade opportunities. The forum will address issues such as the economic and commercial relations between Korea and Latin America and the Caribbean, investment in quality infrastructure, collaboration in innovation and entrepreneurship, and financing for emerging markets. Private sector leaders and government officials of both regions will share their perspectives about the future challenges and opportunities to expand and strengthen economic and cooperation ties between both regions.
Seoul, Republic of Korea | September 29–30, 2022
6th Korea-LAC
BUSINESS SUMMIT
a more resilient post-COVID era”
KOREA-LAC Business Summit
“Strengthening social and economic cooperation toward
a more resilient post-COVID era”
6th Korea-LAC Business Summit Program
Business Forum Location: Grand Hyatt Seoul, Grand Ballroom | |
09:30–10:00am KST | Opening Remarks
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10:00–11:00am KST | Global Outlook in the Post-COVID Era Coordinated global and national policy strategies for rebuilding social and economic systems in a more inclusive, resilient, and sustainable manner are more important than ever. Across Latin America and the Caribbean (LAC), climate change and the digital economy stand at the center of these efforts. This session will explore how policymakers and business leaders across LAC and Korea can boost knowledge exchange and cooperation to achieve growth through a digital economy and climate change lens in the current global context. Panel Keynote Presentation:
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11:00am–11:10pm KST | Coffee Break |
Topical Seminars: Location: Grand Hyatt Seoul, Grand Ballroom 1 & Grand Salon | |
10:00am–12:00pm KST | Improving Lives through Smart City & Infrastructure Development in the New Normal While the digital revolution is offering an unprecedented window of opportunity to improve the quality of life for millions of urban residents, there is no guarantee that the rapid diffusion of new technologies will automatically benefit citizens across the board. Smart city policies and projects need to be adequately designed, implemented, and monitored as a tool to improve lives for all. This seminar will provide an opportunity to share challenges, opportunities, and experiences from relevant actors from Korea, Latin America and the Caribbean, and the IDB on delivering more efficient, sustainable and inclusive smart cities and infrastructure. Welcome Remarks:
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Speakers
Organizers: Inter-American Development Bank, Ministry of Strategy and Finance of Korea, Korea Trade-Investment Promotion Agency, Export-Import Bank of Korea
Seong-Wook KIM
Benigno López Benítez
Latin America and Korea:
Partners for Sustainable Trade and Investment
The relationship between Korea and Latin American and the Caribbean has come a long way. As the two economies embraced trade with one another in the early 1990s, their connection went from being irrelevant to being a wealth machine. Bilateral trade grew at an impressive annual rate of 11.5%reaching a record high in 2021. The trade boom was followed by US$26 billion in investments by Korean firms in the region since 2000. Despite this meteoric rise, lingering trade barriers remain, and new challenges are emerging from a string of disruptive shocks to the global economyprotectionist backlashes; growing and interrelated sanitary, food, energy, and climate crises; and a fast-moving “digital transformation.” This monograph argues that, despite the challenges, both economies have a set of policies, institutions, and comparative advantages that, if reinforced and leveraged by trade and cooperation, can turn these shocks into bilateral and global opportunities for inclusive and sustainable growth.
Countries in Latin American and the Caribbean (LAC) are actively pursuing investments in infrastructure to support economic and social growth in sectors including logistics, broadband and communications technology, and upgrading and maintenance of public services.
Organizers
Venue: Grand Hyatt Seoul
Seoul, South Korea, 04347