The South Korea-LAC 2024 Future Cooperation Forum in Seoul saw Foreign Minister Cho Tae-yul advocating for enhanced economic cooperation between South Korea and Latin America, particularly focusing on advanced technology sectors like aerospace, hydrogen production, and defense. The forum, which aims to identify new business opportunities, highlighted South Korea's economic standing as the tenth largest economy globally, with a significant trading power due to free trade agreements, nine of which are with Latin American and Caribbean states. Cho Tae-yul emphasized the significance of recent diplomatic milestones, such as establishing relations with Cuba, as pivotal moments that strengthen ties between South Korea and the region. Delegations from various Latin American nations participated in the event, showcasing a strong interest in fostering economic partnerships.