Welcome to the AKBC Business Connect - April Edition

Dear Subscribers,

Crossroads.

Earlier this week, AKBC hosted a member-only briefing on election and energy policy in partnership with strategic advisory firm Dragoman. With elections looming in both Australia and Korea, the discussion focused on the implications for bilateral energy cooperation and broader geopolitical stability.

The briefing highlighted a shared backdrop of political volatility and public uncertainty, with both countries experiencing contested domestic debates over the direction of energy transition. For Korea, energy security and supply chain resilience remain core priorities, with long-term reliance on Australian coal, LNG and iron ore expected to continue—albeit with growing interest in renewables and CCUS. In Australia, contrasting visions for the energy transition present a potential turning point for policy certainty, investor confidence, and future export competitiveness.

Both countries face mounting pressure to balance decarbonisation goals with economic stability and international trade obligations. The briefing reaffirmed the importance of reinforcing Australia’s reputation as a reliable, long-term energy partner to Korea, while advocating for clearer, more consistent policy signals to underpin investment and collaboration.

As the political landscapes in both countries evolve, and with the Trump administration adding a new layer of uncertainty and unpredictability to the geopolitical environment, the Australia-Korea relationship has the opportunity to deepen—particularly in emerging sectors critical to both nations’ energy and economic futures.

Kind regards,

Liz

Chief Executive Officer

Australia-Korea Business Council 

Click here to subscribe to our E-Newsletter.