On February 21, 2018, South Korean Trade Minister Kim Hyun-chong signed the Korea-Central America Free Trade Agreements (FTA) with representatives from five Central American countries: El Salvadoran Economy Minister Tharsis Salomón López Guzmán, Honduran Minister of Economic Development Arnaldo Castillo, Costa Rican Minister of Foreign Trade Alexander Mora, Nicaraguan Minister of Development, Industry and Commerce Orlando Solórzano Delgadillo, and Panamanian Vice Minister of Commerce and Industry Diana Salazar.

Trade Minister Kim and the five ministers also discussed ways to maximize the benefits of the agreements and promised to work together for their implementation. The signing of the Korea-Central America FTA was held about two years and eight months after the first official negotiation launched in June 2015.