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South Korea map
Republic of Korea
  • Imports from the Republic of Korea A$9,855 million
  • Exports to the Republic of Korea A$19,852 million
  • Capital Seoul
  • Official Language Korean
  • Surface Area 99,000 sq km
  • Population 50 million

Market profile

Insights and opportunities

Read bio and full transcript

Latest news

채용공고: Austrade Seoul Office is seeking a Senior Investment Manager
2 Aug 2013
The role leads the investment team at Austrade Korea, with responsibility for promoting Australia’s national investment objectives in relation to inwards investment from Korea.
Latest from Austrade
Austrade at the Manufacturers’ Monthly Leaders’ Summit
19 Jul 2013
With the launch of the Labor Government's Asian Century Whitepaper in October, innovation in advanced manufacturing, and a transformation of organisations like Austrade, Australia is in the right plac ...
Speeches
Address to Operating in Asian Markets Forum (Parliamentary Secretary for Trade)
2 Jul 2013
Address to Operating in Asian Markets Forum, Zinc, Federation Square, Melbourne, 2 July 2013, The Hon Kelvin Thomson MP, Parliamentary Secretary for Schools (former Parliamentary Secretary for Trade).
Speeches
Address to Property Council Capital Markets Leaders Summit (Parliamentary Secretary for Trade)
28 May 2013
Address to Property Council Capital Markets Leaders Summit, Parliament House, Canberra, 28 May 2013, Australian Parliamentary Secretary for Trade, The Hon Kelvin Thomson MP
Media releases
Preparing for the Asian Century (Ministerial)
14 May 2013
The Gillard Government is providing an additional $84.6 million over four years to Australian universities, some of which will give students more opportunity to study an Asian language.

Doing Business

Austrade’s business development specialists have prepared a range of market profiles that offer potential to assist in your exporting investigations. Austrade’s in-market teams have identified opportunities for Australian exporters in various industries (see profiled industries on the right side of this page).

More information on doing business in the Republic of Korea

Country Profile

Content supplied by Department of Foreign Affairs and Trade

  • ECONOMIC CLIMATE
    The Korean Government has placed substantial effort in creating an improved trade and investment climate in which a great deal of opportunity exists for Australian products, services and investment.
    » read more at DFAT
  • POLITICAL CLIMATE
    Korea is a democratic republic, led and governed by a President and National Assembly, whose representatives are elected by popular vote.
    » read more at DFAT
  • TRADE RELATIONS
    Australia and the Republic of Korea are strong economic, political and strategic partners with common values and interests.
    » read more at DFAT

Industries

ICT to Korea

icon Top Business Risks

Bilateral agreements

Australia has social security agreements with several countries that address the issue of 'double super coverage' for employees sent to work overseas. To take advantage of these agreements, Australian employers sending employees overseas to work must apply to the Tax Office for a Certificate of coverage.

For more details, please visit the Australian Taxation Office website.

APEC Business Travel Card Scheme

Managed by the Department of Immigration, the APEC Business Travel Card Scheme was developed to make travelling within the 21 APEC member countries much simpler and more efficient.

OECD Guidelines for Multinational Enterprises

Multinational Enterprises should be aware of the OECD Guidelines for Multinational Enterprises that provide voluntary principles and standards for responsible business behaviour in a variety of areas, consistent with applicable domestic laws. These Guidelines are endorsed and promoted by the Australian Government. For more information, go to the AusNCP website.

IP Passport fact sheets

These fact sheets outline foreign Intellectual Property (IP) regimes and some of the issues and challenges which may be faced by Australian exporters.

The current fact sheets are available on the IP Australia website.

  • International Readiness Indicator

    checklist

    Austrade's International Readiness Indicator is an online tool to help Australian businesses determine whether they are ready for exporting.

    International Readiness Indicator

  • How Austrade can help

    Austrade provides information and advice to assist Australian companies reduce the time, cost and risk of exporting.

    Assistance from Austrade

  • Contact Austrade

Site Information

Austrade makes no warranty, express or implied as to the fitness for a particular purpose, or assumes any legal liability for the accuracy or usefulness of any information contained in this document. Any consequential loss or damage suffered as a result of reliance on this information is the sole responsibility of the user.