News

Korea and Australia’s invitation to the G7 Summit

South Korea’s President Moon Jae-in and Australia’s Prime Minister Scott Morrison have both accepted President Trump’s invitation to join this year’s Group of Seven (G7) Summit, likely to be held in late 2020. The invitation was also extended by President Trump to Russia and India. In a phone call initiated by President Trump, the presidential Blue House stated that both parties were in an agreement that the current G7 does not ‘properly represent what’s going on in the world’. The invitation to join the group signals South Korea and Australia’s leadership in combatting COVID-19 and growing role in the post-COVID-19 economy. While some academics welcomed the idea of inclusion, others expressed the need for prudence, particularly with the current US-China hostilities and the events unfolding in the US.

Since 1975, the G7 has been an organisation to discuss possible solutions to a global issues. It is made up of, presumably, the world’s largest advanced economies: Canada, France, Germany, Italy, Japan, the UK and the US.

Click here to read more (English language).

Click here to read more (Korean language).

AKBC Membership

AKBC welcomes new members from both the Australian and Korean business community.

Join now

What’s on

AKBC runs events on a regular basis to keep members informed about the latest developments in Australia-Korea trade and investment.

See events

AKBC Newsletter

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
info@akbc.com.au

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