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AKBC and AKBCWA agree to merger to create a single, unified and stronger voice

The Australia-Korea Business Council (AKBC) and the Australia Korea Business Council of Western Australia (AKBCWA) have agreed to merge the two organisations, creating a single, unified and stronger voice to promote trade and investment interests between Australia and Korea.

The merger will enable a truly national and representative body to better serve the interests and deliver positive outcomes for all members, stakeholders and businesses who are engaged or looking to engage in the Australia-Korea bilateral relationship.

The AKBC and AKBCWA already share many mutual members, and AKBCWA’s remaining membership base will be transferred to the AKBC. The AKBC is committed to continuing the AKBCWA’s strong legacy of advocacy and events for Western Australian (WA) members. The AKBC also recently appointed PwC Australia Partner & Global Legal ESG Lead, Ms Clare Pope, to their Executive Committee. Ms Pope is based in WA and is represents the AKBC at all WA events.

AKBCWA Chair Tommy Shin welcomed the merger, which members’ voted in favour for at a Special Resolution Meeting yesterday evening.

“In the spirit of the 60th anniversary of diplomatic ties between Australia and Korea, our members and Board are excited to join forces with the AKBC to strengthen engagement with Australia’s third largest export market and fourth largest two-way trade partner.

“Over the past 10 years, AKBCWA has focussed on creating new networking and promotional opportunities to help our members’ businesses succeed and grow. The merger will provide our members with a stronger voice representing a national perspective, and we look forward to working with the AKBC to enhance the Australia-Korea business relationship,” Mr Shin said.

AKBC Chair Hon Simon Crean noted that the merger at the most opportune time, as both countries move to recover from the COVID-19 pandemic and to diversify and expand our markets, with hydrogen and critical minerals among the two most promising growth sectors. Korea’s interest in forming a stronger relationship with Australia in the critical minerals sector was reflected by our recent hosting of a critical minerals supply chain roundtable with the President of Korea Moon Jae-In late last year.

“We are extremely excited to welcome AKBCWA into the fold to create a single, unified and stronger voice that can best serve the interests of both our members, stakeholders and businesses.

“The merger ensures that Australia has a truly national and representative body to promote trade and investment interests between Australia and Korea. It will allow us to provide maximum value to our members and help shape the future of the Australia-Korea bilateral relationship.

“We are committed to continuing the work of AKBCWA over the past 10 years in successfully advocating for the interests of Western Australian members and look forward to continuing to host local events for our WA based in the near future,” said Mr Crean.

The AKBC thanks all former and current AKBCWA board members including founding Patron Richard Court AC and second patron Hon Eric Ripper, Honorary Life Member Peter Grant and former Chairman Young Yu.

ENDS

Read full media release here. 

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Australia Korea Business Council
PO Box 24430
Melbourne, Vic 3001 Australia
Liz Griffin – Executive Director
info@akbc.com.au

The Australia-Korea Business Council is the leading national body committed to strengthening the Australia-Korea economic relationship.