During the summit, the two leaders are expected to take stock of the evolution of the bilateral relations, which were forged in 1962, and discuss joint efforts to pressure North Korea into renouncing its nuclear ambitions, according to the presidential office.

Following the summit, the two sides will hold a ceremony to ink a set of memorandums of understanding over bilateral cooperation.

"Costa Rica is a core country that effectively leads the integration of Central America, and is a crucial cooperative partner for South Korea to expand our presence in the region," Cheong Wa Dae said.

"We hope that this forthcoming summit will help strengthen trust and relations between the two leaders, establish a comprehensive cooperative relationship between South Korea and Costa Rica, and elevate the bilateral relationship a step higher."

Two-way trade reached $394 million last year with South Korea exporting steel, cars and other items to Costa Rica and importing products like coffee and medical device parts. (Yonhap)