AKBC November update by the Executive Director

Dear AKBC members

As the festive season draws closer, bilateral activity is only heating up between Australia and Korea, marking a positive conclusion to the 60th anniversary of diplomatic relations in 2021.

Following the highly successful 42nd AKBC-KABC Joint Meeting (thank you again to all the AKBC members who joined us at that historic event), Australians welcomed news that fully vaccinated international students and eligible visa holders from around the world, as well as tourists from Japan and South Korea will be welcomed back to Australia in December.

The Australian newspaper also highlighted that Australian and Korean government officials are working on an official visit by South Korean President Moon Jae-In to Australia in mid-December to celebrate the 60th anniversary landmark and sign a “comprehensive strategic partnership” agreement with Australia.

These announcements are significant milestones to grow the bilateral relationship following a period of physical isolation. And while the Omicron variant of COVID-19 is a deeply concerning development, it is one that Federal, State and Territory Governments are examining closely to ensure public safety is prioritised.

Despite this set back, we’re making major progress in other areas.

In November, Australia and Korea signed a Low and Zero Emissions Technology Partnership, which will drive increased adoption of low and zero emissions technologies, make low emissions technologies cheaper and drive investment in Australia-based projects. This landmark announcement came after a highly successful briefing from the Minister for Energy and Emissions Reduction and Industry, Angus Taylor MP, to AKBC members, which provided insight into the Government’s focus on this burgeoning area of cooperation.

A select group of AKBC members also had the privilege of hearing from Nobel Laureate Professor Brian Schmidt, the Vice-Chancellor & President of the Australian National University, at our 10th Korea Konversations event. We also co-hosted the Korea-NSW Business Forum alongside the Consulate General of the Republic of Korea in Sydney, and Investment NSW. Moreover, we’re continuing the successful run of our “winning business in Korea” training programs, supporting the knowledge base of members looking to better understand the cultural nuances of Korean business.

Finally, we are very close to finalising our Critical Minerals Report, which will be made available to members only. Thank you to everyone who provided feedback on the Discussion Paper – we look forward to sharing the report with you soon.

Yours sincerely
Liz Griffin

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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.