Korea Breaking the Mold of the Asia-Latin America Relationship

Oct 2011
China's meteoric emergence in the last decade and its profound impact on the economic performance of Latin America and the Caribbean (LAC) has eclipsed the importance of the region's other Asian partners. Yet, LAC`s governments can only ignore them at their own peril. These countries remain a major source of opportunities for trade and investment and Korea is a case in point. It has a one trillion dollar economy, with an impressive growth record (a 7% annual average growth since the early 1960s) and a population of nearly 49 million, sitting on a very limited pool of natural resources.