Korea LAC Forum

DAY 1: October 23, Monday (Hotel Shilla, Dynasty)

9H00-9H30         Registration

9H30-9H45          Opening Remarks

  1. Dong Yeon Kim, Deputy Prime Minister and Minister of Strategy and Finance, Republic of Korea
  2. Sung-soo Eun, Chairman & President, The Export-Import Bank of Korea

 

9H45-10H00          Keynote Speech

  1. Luis Alberto Moreno, President of the Inter-American Development Bank

 

10H10-11H10        Strategic  Discussion

Theme: Korea-LAC economic and trade relationships

The dynamic growth of trade, investment, and cooperation between Korea and Latin America and the Caribbean (LAC) has laid the groundwork for a sustainable, diversified, and mutually beneficial relationship. Trade experienced a fast and sustained growth, increasing 14% per year on average since 1990, while Korean investment in the region has expanded six-fold in the last decade alone. This investment provides a solid basis for diversifying the bilateral economic relationship, as over 80% of Korea’s FDI in LAC goes to manufacturing sectors. Moreover, Korea was the first East Asian country to seek Free Trade Agreements (FTAs) with LAC partners in the early 2000s, signing its first bilateral FTA with Chile in 2004, and later with Peru (2011) and Colombia (2016). Korea and Mexico are also moving the FTA negotiations forward, to finally consolidate an integrated economic space between the sub-regional block of the Pacific Alliance and Korea, fostering productive integration and development of value chains. In fact, almost half of Korea's trade with LAC, already occurs with the Pacific Alliance countries.  Furthermore, in 2016, Korea concluded negotiations for a multilateral FTA with five countries from Central America (Nicaragua, El Salvador, Honduras, Costa Rica and Panama). Additionally, negotiations have been underway for bilateral Strategic Economic Cooperation Agreement with Ecuador. The panel will discuss the strategic alliance between Korea and LAC, and how new FTAs will expand opportunities for cooperation.

Moderator: Antoni Estevadeordal, Manager of the Trade and Integration Sector, Inter-American Development Bank

Panelists:

  1. Kunil Hwang, Deputy Minister for International Affairs, Ministry of Strategy and Finance, Republic of Korea
  2. Dongwook Kim, Vice President, External Affairs Team, Hyundai Motor Group
  3. Kook Bo Yang, Regional President for Central & South America, Korea Investment Trade Promotion Agency
  4. Alexander Mora, Minister of Trade of Costa Rica
  5. Gustavo Leite, Minister of Industry and Trade of Paraguay
  6. Andreas Takamiya, Asia Managing Director, Agrosuper (Chile)

11H20-12H20     Plenary Session I

Theme: The Fourth Industrial Revolution, Digital Economy and E-Commerce: The New Drivers for Innovation and Development

The arrival of the Fourth Industrial Revolution -powered by breakthroughs in artificial intelligence, robotics, the internet of things, 3D printing, nanotechnology, biotechnology, energy storage, and quantum computing- is transforming how we operate as consumers, producers, regulators, and citizens. In addition, the expansion of high-speed broadband connectivity and the advent of trade in goods and services through electronic media, known as E-commerce or the Digital Economy, is enabling entrepreneurs and small and medium-sized enterprises to reach a broader network of buyers, and potentially access global value chains. This is especially impactful in Latin America and the Caribbean (LAC) as it has one of the highest internet penetration rates in the world, climbing from less than 5% of the population being online in 2000 to 50% in 2015. In this regard, the newly elected government in South Korea is promoting laws, systems, and policy reforms so that this new phenomenon becomes a new economic growth engine. Along the same line, LAC should strive to upgrade its regulatory environment, human capital development, and industrial structure. The panel will explore the challenges and opportunities brought about by the Fourth Industrial Revolution and proliferation of e-commerce, to capitalize on technological breakthroughs and innovations that can grow our economies, educate our people, and improve the quality of life for everyone.

Moderator: Kyung-Wook Hur, Senior Advisor to Bae, Kim & Lee LLC, Former Ambassador of Korea to the OECD

Panelists:

  1. Jin-woo Park, Professor, Industrial Engineering, Seoul National University, President, Korea Smart Factory Foundation
  2. Wonki Min, Leading Professor of SUNY (The State University of New York) Korea, Chairperson, OECD Committee on Digital Economy Policy
  3. Marcos Vinícius de Souza, Secretary of Innovation and New Businesses of Brazil 
  4. Luis Loaiza, CTO and Co-Founder, Shippify (Ecuador)
  5. Fabrizio Opertti, Chief of the Trade and Investment Division, Inter-American Development Bank

 

12H30-14H00      Business Luncheon

  1. Business luncheon (Invitation Only)
  2. Buffet for LAC participants

 

14H00-14H20      Special Presentation

Theme: The Inter-American Investment Corporation and the Private Sector

  1. James Scriven, CEO, Inter-American Investment Corporation (IIC)

14H30-15H30      Plenary Session II

Theme:  Disruption through Smart Infrastructure and Production for Economic Growth

Latin America and the Caribbean (LAC) cities are undergoing rapid population growth with major implications for the sustainability, quality of life, and competitiveness of the region. The share of urban population rose from 42% in 1950 to 80% in 2014, and is estimated to reach 90% by 2050. In parallel, the rapid penetration of Information and Communication Technologies (ICT) in LAC has become a key ally developing the smart and sustainable cities of tomorrow. Today, countless data is collected, connected, and analyzed, which impacts how we plan, build and operate infrastructure. The panel will discuss: (a) cases of Smart cities in Korea and LAC and the advent of technological innovations in urban infrastructure; (b) how smart grid technology enhances energy efficiency and improves the quality of urban life; and (c) how the public and private sectors can cooperate in designing initiatives that promote more sustainable consumption and production patterns.

Moderator: Man Hee Han, Dean of International School of Urban Sciences, University of Seoul

Panelists:

  1. Dong Ju Kim, President, Korea Research Institute for Human Settlements
  2. Taeseok Ha, Vice President, Smart Energy Biz. Div., LG CNS
  3. Raúl R. Herrera, Interim General Counsel, Green Climate Fund
  4. José Ricardo Stok, Chairman, Distriluz Group (Peru)
  5. Michael Maura Jr., President/Chief Executive Officer, Arawak Port Development (Bahamas)

 

15H40-16H40      Plenary Session III

Theme: Upgrading Infrastructure for a Better Quality of Life through Public-Private Partnerships (PPPs)

Modern infrastructure boosts economic growth, productivity and competitiveness, and contributes to a better quality of life. In the same line, Private-Public Partnerships (PPPs) offer an opportunity for inclusive and sustainable growth in LAC. If the region could double its infrastructure investment, potential real annual GDP growth could increase by as much as 2 percentage points. In this sense, the last decade has seen the environment for PPPs improve dramatically in LAC, as rising demand for infrastructure prompts countries to redouble efforts to attract investment. Precisely, between 2006 and 2015, LAC had investments of US$361.2 billion around 1,000 PPPs infrastructure projects, mostly in energy and transport. Panelists will discuss PPP opportunities for Korea-LAC cooperation in strategic sectors such as: information and communications technology, transport, energy, water and sanitation. Additionally, the panel will address Korea’s experience in streamlining funding models and developing an effective institutional framework for PPPs.

Moderator: Hyeon Park, Professor, International School of Urban Sciences, University of Seoul

Panelists:

  1. Michael Unsu Jeong, Group Director, Global Marketing & Sales (Infra), GS Engineering & Construction Corp.
  2. Hak Soo Lee, CEO, K-Water
  3. KiWan Kim, Executive Director, PIMAC (Public and Private Infrastructure Investment Management Center), Korea Development Institute
  4. Ana Beatriz Monteiro, Director-President of São Paulo Partnerships (Brazil)
  5. Edmond Marsh, Vice President of Business Development, Jamaica Port Authority
  6. Jose Luis Morea, Head of the PPP Unit, Ministry of Finance (Argentina)
  7. Jaime García Alba, Head of Advisory Services and Blended Finance at Inter-American Investment

Corporation (IIC)

19H00-21H00    WELCOME BANQUET

  1. Hosted by Deputy Prime minister and minister of Strategy and Finance

 

DAY 2: October 24, Tuesday (Hotel Shilla & Signiel Hotel)

10H00-12H10   

  1. 1 on 1 Business Meetings
  2. LAC Investment Opportunities Exhibition

 

12H10-13H30    Luncheon

  1. Luncheon for LAC companies participating in the 1 on 1 Business Meetings

 

13H30-17H25 

  1. 1 on 1 Business Meetings
  2. LAC Investment Opportunities Exhibition

 

19H00-21H00    Gala Dinner (Lotte world tower-signiel hotel)

  1. Hosted by President of the Export-Import Bank of Korea