The Government of the Republic of Korea and the Government of the Republic of Guatemala (hereinafter referred to as the "Contracting Parties"), 

WISHING to intensify economic cooperation to the mutual benefit of both countries,

INTENDING to create favorable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party,

RECOGNIZING that the promotion and protection of investments on the basis of this Agreement will stimulate business initiative in this field,

HAVE AGREED as follows: