Celebrating the 20th anniversary of Korea’s membership in the Inter-American Development Bank (IDB), the 7th Korea-LAC Business Summit convened at the Conrad Hotel in Seoul on October 27, 2025. Deputy Prime Minister Kyungho Choo welcomed leaders from Latin America and the Caribbean, emphasizing the expanding partnership in technology, infrastructure, and inclusive growth.
The summit spotlighted future collaboration, with Korea pledging to drive AI transformation, reinforce critical mineral supply chains, and broaden energy infrastructure. Announcements included plans for an IDB AI Hub in Seoul and new financing mechanisms, further positioning Korea as a catalyst for innovation and sustainable development in the region.