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

Desiring to intensify economic cooperation to the mutual benefit of both countries, Intending to create favourable conditions for investments by investors of one Contracting Party in the territory of the other Contracting Party, and Recognizing that the encouragement and protection of investments on the basis of the present Agreement stimulates business initiative in this field,

Have agreed as follows: