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AKBC member Trade and Investment Queensland has released the informative video, “Korea Market Insights with Daniel Kim," AKBC Director and TIQ Trade Commissioner for Korea, and Michael Kocken, TIQ Senior Trade and Investment Officer for Korea. The video provides up-to-date information on key considerations and opportunities in the Australia-Korea corridor, such as e-commerce, innovation in...

Yesterday, AKBC hosted our Korean Cross-Cultural Training Workshop virtually via Zoom for 16 AKBC members and non-members. AKBC Directors Peter Cleary and Daniel Kim, together with Executive Director Liz Griffin, hosted the session. The workshop covered a broad range of topics including: - Why you should consider Korea as a new market for your business; - An...

For the first time, the Korean Ministry of Trade, Industry and Energy with the Korea Institute for Advancement of Technology (KIAT) have invited international organisations to directly apply for state funding for R&D collaboration projects. Korea is a global leader in innovation, ranking first in the Bloomberg Innovation Index (2014 - 2019). Currently,...

Kang Kyung-wha, Minister of Foreign Affairs of Korea, will discuss Korea’s response to COVID-19 and the pandemic’s influence on the country in a live webcast on Friday September 25 at 10.00am AEST or 9.00am KST. The event will be hosted by Asia Society and the Asia Society Policy Institute and can be watched on Asia Society's...

On Sunday, the Korean government announced an extension of level 2 social distancing nationwide until September 27. Today, Korea recorded its second consecutive day of under 100 cases for the first time in more than a month. With the upcoming holidays for the Chuseok harvest festival and National Foundation Day weekend between...

COVID-19 only had a minor influence on mobility between February and May 2020, according to Google’s COVID-19 Community Mobility reports. Using Google location history data, the reports analysed percentage changes in movement to six destinations including residences/neighbourhoods, public transport stations, retail shops and pharmacies. Since the Korean government did not enforce any...

Hyundai Motor Company is expanding its hydrogen business to include non-mobility applications. The company has exported its 95 kilowatt hydrogen fuel cell system to two European clients – GRZ Technologies and an undisclosed energy solution start-up. Both clients will incorporate Hyundai’s technology into emergency power mobile generators. In a recent meeting, Hyundai also...

Celltrion is predicted to become the first Korean biopharmaceutical company to record an operating profit greater than one trillion won or A$1.18 billion this year. In 2019, only six Korean companies achieved similar operating profits– GS, Hyundai Motors, LG, Lotte, Samsung and SK. Established in 2002, Celltrion has become a leading developer...

Under a COVID-19 vaccine plan, the Korean government will aim to provide vaccines for 30 million people or approximately 60% of the population. The government estimates that two vaccines per person will be needed to acquire immunity against COVID-19. "The initial target of inoculating 60 percent of the population is to...