중남미

Trade and investment were unarguably the main drivers of the outstanding Korean economic development. The heavy intervention by the government, together with private sectors' continuous efforts to innovate, led the momentum for the export-led growth during the second half of the 20th century.
Trade and investment are still very important components of the Korean economy in the age of globalization. Even though the kinds of polices pursued previously are no longer viable, public and private sectors are taking various measures to further promote trade and investment and sustain the fruits of the economic development. Various services provided by Korea Trade-Investment Promotion Agency (KOTRA) are good examples of this. Measures such as Branch Agent Service and Post-Investment Service provide financial as well as managerial supports to firms exporting and investing abroad. And these measures have been highly successful in promoting overall trade and investment of Korean firms.
In this process, more attention is being paid to relatively neglected parts of the economy like SMEs to achieve more equal growth which had been missing previously. 
Given the importance of trade and investment for the Korean economy, it is critical to expand its opportunities to every corner of the world in the way that benefits everyone. 
Entering the 2000s, Korea- Latin America and the Caribbean(LAC) economic relations have developed quantitatively, but not qualitatively. LAC's trade deficit with Korea has deepened. Although Korea's FDI flows to LAC have increased rapidly, LAC countries' investments in Korea are still minimal.
Korea-Chile FTA has contributed significantly to expansion of trade volume and diversification of trade items. In particular, it has made positive contributions to the increase in SMEs' exports. However, effects of increase of mutual FDI have been moderate.
One of the serious obstacles that Korean exporting firms face in LAC market is non-tariff barriers. Considering Korean experiences, trade facilitation measures such as Single Window and Authorized Economic Operator (AEO) are crucial for reducing or eliminating non-tariff barriers to trade. And also trade facilitation is one of the more notable opportunities, or low-hanging fruit, to reduce trade costs between Korea and LAC.
To develop balanced and sustainable economic relations between Korea and LAC, the following must occur: Korea and LAC need to make more active efforts to expand new FTAs, including Korea-Mexico FTA and upgrade existing FTAs, support LAC countries' participation in the global supply chain by transferring Korea's economic development experiences and technologies, foster interactive FDI, and boost cooperation in the area of trade facilitation such as Single Window and Authorized Economic Operator (AEO) program.