The AKBC is a proactive, results-driven organisation supporting the commercial success of Australian businesses entering the Korean market and helping members achieve their business strategy in Korea.
AKBC is the leading national body committed to strengthening the Australia-Korea economic relationship.
The Council was established in 1978 to promote two-way trade and investment with Korea through economic cooperation, dialogue and cultural understanding.
Chaired by the Hon Simon Crean and led by an Executive Committee of outstanding industry and government leaders, we are a member-based organisation of senior executives from a diverse range of business sectors with a commercial interest in Korea.
The AKBC’s primary goal is to strengthen ties between Australian-Korean business communities by:
- Supporting Australian organisations seeking access to the Korean market
- Running cultural training programs for Australian business executives
- Leveraging AKBC’s expansive network of senior executives, industry and government leaders to create meaningful Australian-Korean partnerships
- Advocating for policy that advances trade relations
- Exchanging business intelligence on trade investment and commercial developments
We share the latest news and information on trade and investment exclusively for members to stay at the forefront of opportunities.
We build bridges for members to find the right Korean partnerships through events, networking and personal introductions.
We guide our members to achieve their business strategies with step-by-step tips and cultural training programs that allow them to successfully engage with Korea.
We work with governments and senior business leaders on policy, trade advocacy and industry support to champion a better commercial environment for our members.
AKBC welcomes new members from both the Australian and Korean business communities.Find out more
The Australia-Korea relationship is teeming with opportunities and growth in world-leading industries both established and emerging. Recognising the rapid development of emerging industries, the AKBC has established five sub-committees in financial services, innovation in health and biotechnology, food and agriculture, critical minerals and renewable energy.
In the last decades, investment levels between the two countries have skyrocketed from $600 million in 2003 to $49 billion in 2018. Total trade in 2018-19 was over $38 billion. This economic progress continues to be aided by the Korea-Australia Free Trade Agreement (KAFTA) signed in 2014 (one of only 11 FTAs).
With an increasing appetite to diversify Australia’s business interests, Korea is an ideal market. As Australia’s fourth largest trading partner, Korea is an important economic, political and strategic ally with shared values and interests.
AKBC Executive Committee Members
AKBC has established sub-committees in areas where we see promising areas of growth in the Australia-Korea business trade and investment relationship.
Chaired by AKBC Executive Committee members, the sub-committees comprise Australian and Korean industry leaders who will guide and progress AKBC’s work in these areas. The sub-committees’ activities include sector specific events, such as sessions at the AKBC-KABC Joint Meetings, member introductions to key stakeholders and networking opportunities.
AKBC runs events on a regular basis to keep members informed about the latest developments in Australia-Korea trade and investment.See events
AKBC issues a monthly newsletter about the latest trends and developments in the Australia-Korea relationship. Sign up to our free e-newsletter by entering your email below.
Australia Korea Business Council
PO Box 24430
Melbourne, Vic 3001 Australia
Liz Griffin – Executive Director
The Australia-Korea Business Council is the leading national body committed to strengthening the Australia-Korea economic relationship.