1. The Ministry of Foreign Affairs and Trade has decided to move the Center for Energy and Resources 
Cooperation between Korea and South America, which had been administered by the Korean Embassy in 
Argentine for the recent two years (from 2006 to 2007), to the Ministry’s headquarters and expand it to the 
‘Center for Energy and Resources Cooperation between Korea and Latin America’.

2. The Center is to support Korean companies effectively in entering the energy and resources markets in 
Latin America. To this end, the Ministry will promote ‘energy and resource diplomacy’ under the close 
cooperation of Korean overseas missions in the region. The Center will collect information on resources in 
this region, share the data with the Korean corporations and support researches of the relevant institutions 
on major resources.

3. In particular, the Center has recently set up ‘resources hotline’ section on its website (energy.mofat.go.kr) 
in order to answer the questions and requests for consultations of interested Korean companies 
expeditiously, thus providing them with concrete solutions for their difficulties in the resources industry of 
Latin America.

4. Under the Latin American and Caribbean Affairs Bureau of the Ministry, the Center is equipped with 
experts in the resources sector and headed by the Deputy Director-General of the Bureau. The Ministry is 
taking the establishment of the overseas branches of the Center in Korean Embassies to the region into due 
consideration.

5. The Center is expected to support the Korean companies’ activities in the resources industry of Latin 
American countries more effectively through the close network among the Korean overseas missions, 
relevant organizations including government bodies and Korean enterprises. 




                                                       Spokesperson of MOFAT

* unofficial translation