Established jointly by the MOEF, the IDB and KEXIM in 2005, the KOREA-LAC Business Summit has served as a comprehensive platform for promoting a mutually beneficial partnership between Korea and Latin American and Caribbean (LAC) countries. The 5th KOREA-LAC Business Summit 2019 brought together ministers and government officials, as well as high-level representatives the private sector, academia and the media from all over LAC and Korea for the discussion and exchange of ideas.