The idea for the silverware, named the Amistad Friendship Cup, was conceived by Argentinian Ambassador Fernando Escalona and was presented to the captains of the two teams at a special function in Napier yesterday.
In earlier games, there was little separating FIH eighth world-ranked Korea and ninth ranked Japan.
Extremely wet conditions today made play difficult, at one point delaying the match due to heavy rain. At halftime the score was locked at 1-1, but the tempo was soon raised when Korea struck early in the second half with a goal to Kim Darae.
Japan quickly responded with a set move off a penalty corner however it wasn't enough to stave off a late Korean assault, with Cheon Seul finding the net in the dying minutes taking the score to 3-2.
The second match of the day saw Australia face a rejuvenated Chinese side who were fresh off a win over the Black Sticks on Sunday.
However, China's confidence was short-lived as 4th ranked Australia asserted their dominance early, with goals to Georgia Nanscawen and substitute Mathilda Carmichael.
In the second half Australia consolidated their lead with a strong attack in the final quarter seeing Kellie White score twice. The final score was 4-0.
Full time: 2-3 win to Argentina
Half time: 0-1 lead to Argentina
Argentina goal scorers: Carla Rebecchi x2, Luciana Aymar
New Zealand goal scorers: Anita Punt, Kayla Sharland.