News

As of 2025, President Yoon Suk Yeol pledges to eliminate capital gains taxes in order to facilitate the growth of personal assets. Yoon intends to bring the local stock market into compliance with international norms and advance corporate ideals by eliminating the "Korea discount." Yoon also aims to alter commercial laws to reflect the interest of minor shareholders and assist investors in building and managing their assets.

Congratulations to Ahn Duk-geun! 🎉 President Yoon Suk Yeol has appointed Ahn Duk-geun as the new Minister of Trade, Industry and Energy.

POSCO has once again secured its position as the world's most competitive steelmaker for an impressive 14 consecutive years, according to the World Steel Dynamics (WSD).

Exciting news from Hyosung Heavy Industries Australia & New Zealand

The Australia-Korea Business Council (AKBC) today announced the appointment of the Hon Martin Ferguson AM as its new Chairman.

Dear AKBC Members,

As the year draws to a close, we reflect on the remarkable journey we have had throughout 2023. The Australia-Korea Business Council has been a hub of collaboration and progress, fostering dynamic connections and partnerships between Australia and Korea. It has been an eventful year filled with insightful discussions, impactful events, and meaningful networking opportunities that have propelled our bilateral relations forward.

AKBC team was delighted to meet Steve Kim, CEO and Managing Director at GreenPlus Australia, and Sam Turner, General Manager, to discuss their recent active engagement with various state officials across Australia exploring collaborative projects. 

Korea Zinc plans to accelerate focus on renewable energy, green hydrogen and battery materials

Exciting News from Hanwha Defense Australia!

Arafura Rare Earths Limited has secured up to US$150 million in debt financing from the Export-Import Bank of Korea (KEXIM) for its Nolans project in the Northern Territory, supporting offtake deals with Hyundai and Kia.