This research seeks to elucidate cultural diplomacy´s function as a tool for improving Colombia´s economical relation with Australia and South Korea. Thus, in addition to the analysis about cultural diplomacy and what Colombia does with both countries, the economic indicators, namely; exportations; Foreign Direct Investment and tourism, a linear regression model whas run to know if there is a relation between both variables and a final contribution that consists on the generation of performance indicators to be used at the moment of implementing the cultural diplomacy as a tool in foreign policy.
