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Korea’s largest tech companies, NAVER Corp, Kakao Corp and NCSOFT, have achieved a record combined market capitalisation of ₩100.1 trillion or A$118 billion, which is double their value in 2019. Naver Corporation owns Korea’s top internet search platform, Naver. The company’s share price was up almost 90% from April 2020 and...

On June 19 2020,  the Australia-Korea Business Council (AKBC) held the first of two webinars on sports diplomacy, ‘Soft Power: Using Sports Diplomacy to Score Business Outcomes.’ Moderated by AKBC’s Executive Director Liz Griffin, several leading industry experts provided insights into how businesses can engage with sports diplomacy and further...

After six years of market access, Victorian table grape exports have experienced bumper sales in Korea. Since 2014, the Victorian government, Austrade and several industry organisations have promoted table grapes to Korea through various initiatives including Korean business delegation visits to regional Victoria and educational materials for importers and retailers....

Hyundai Motors  has leapt to 4th place in global electric vehicle (EV) sales, surpassing Chinese rival BYD. Hyundai have claimed an 8% market share through the sale of 24,000 units this year. The company plans to expand their line-up of fully EVs from 9 to 44 models, as well as...

Liz Griffin, Executive Director of the AKBC, will be speaking at the ANU Korea Institute’s webinar, “South Korea’s Transition to a Post-Pandemic World,” on Thursday 16 July from 6.00 pm – 7.30 pm (AEST). During an expert panel discussion, Liz Griffin will discuss the possibilities of Australia-Korea economic cooperation in the...

The Australia-Korea Business Council is pleased to invite you to our upcoming webinar, “From Adversity to Opportunity,” on Wednesday 22 July. The Zoom webinar will be held at 9.00am – 10.00am (KST) or 10.00am – 11.00am (AEST). The COVID-19 pandemic has exacerbated geopolitical tensions within the Indo-Pacific region and revealed...

During the inaugural meeting of Korea’s Hydrogen Economy Committee on July 1, the Korean government announced ambitious targets to accelerate the development of Korea’s hydrogen economy. Chaired by Prime Minister Chung Sye-kyun, the committee comprises of experts from industry, academia and eight government ministries who will shape the Korean government’s...

  AKBC member Austrade is hosting a webinar called, “Effective Digital Marketing to penetrate Korea’s E-commerce market” on Tuesday 14 July from 3.00pm and 4.00pm (AEST). Understanding Korea’s unique e-commerce market including effective digital marketing strategies and local platforms Naver and KakaoTalk is crucial to succeeding as an online seller. The speakers...

Last week, the AKBC held a webinar to introduce our five new board members: Dr Michael Spence AC: Vice-Chancellor & Principal, The University of Sydney Dr Glenn Begley: CEO, BioCurate Graham Dodds: Vice-President Government Relations, Woodside Energy Ltd Clare Pope: Partner, PwC Australia Mark Rigotti: Partner & Senior Advisor, Herbert...

The Australia-Korea Foundation (AKF) grant round is now open and will close at 2pm (AEST) 18 September 2020. The AKF's role is to promote bilateral relations between Korea and Australia through annual grant funding to organisations and individuals to support activities which advance Australia's engagement with Korea. This can include...