The structure you've encountered is the *Iglesia Cristiana de Coreanos de Panamá (Evangélica)*, which translates to "Korean Christian Church of Panama (Evangelical)." The sign also displays its name in Korean: 파나미 한인 교회.

This church serves as a significant cultural and spiritual center for Panama's Korean diaspora. While the Korean population in Panama is not as large as in some other Latin American countries, it comprises a tightly knit community. Many Koreans initially arrived in Panama in the mid-20th century, drawn by opportunities in business and commerce, especially in relation to the Colón Free Zone, or seeking a new life in a different part of the world. Evangelical Christianity is a strong unifying force within many Korean communities globally, often providing a familiar social network, language support, and cultural preservation alongside religious services. The presence of such a church highlights the multicultural fabric of Panama City, which, due to its strategic location and historical role as a trade hub, has long been a melting pot of various immigrant groups.