Korea was the first East Asian country to seek Free Trade Agreements with LAC partners in the early 2000s, signing FTA with Chile (2004), Peru (2011), Colombia (2013) and Central America (2018). Trade between the two regions experienced a fast and sustained growth, increasing 9.2% per year on average between 2000 and 2018, while Korean investment in the region has expanded sixfold in the last decade alone. This panel will discuss the strategic alliance between Korea and LAC and how to optimize the effect of the FTAs based on the experiences of entrepreneurs and high-level officials from both regions.