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South Korea map
Republic of Korea
  • Imports from the Republic of Korea A$10,165 million
  • Exports to the Republic of Korea A$19,599 million
  • Capital Seoul
  • Official Language Korean
  • Area 99,000 sq km
  • Population 50.2 million

Events

Cultural Precincts - North Asia Trade Mission
29 Sep 2014 - 7 Oct 2014
Seoul, Taipei, Hong Kong  ,
Australia Future Unlimited: Education Exhibition South Korea 2014
4 Oct 2014 - 7 Oct 2014
Seoul and Busan , Korea, Republic of (South)
Asian Film Market 2014
5 Oct 2014 - 8 Oct 2014
Busan , Korea, Republic of (South)
Australia Future Unlimited: Teaching & Learning Showcase North Asia 2014
10 Nov 2014 - 28 Nov 2014
Taiwan, Hong Kong, Mongolia, Korea and China  ,

Last updated: 7 Jan 2014

Market profile

Insights and opportunities

Read bio and full transcript

Latest news

Media releases
Exports to key Asian trade partners increase (Ministerial)
5 Jun 2014
he Australian Bureau of Statistics Trade in Goods and Services April data released today shows that Australian exports have increased 11 per cent from last year with resources exports increasing 19 pe ...
Media releases
APEC Forum confirms economic gain by increasing women’s participation (Ministerial)
27 May 2014
The 2014 APEC Women and the Economy Forum (WEF) has strongly reaffirmed the importance of unlocking the immense economic opportunities that come from increasing women’s participation in the regional e ...
Media releases
Korea-Australia FTA signed in Seoul (Ministerial)
8 Apr 2014
Today, Minister for Trade and Investment Andrew Robb and his South Korean counterpart, the Minister for Trade, Industry and Energy Yoon Sang-jick, formally signed the Korea-Australia Free Trade Agreem ...
Media releases
Trade Minister to visit North Asia (Ministerial)
4 Apr 2014
Trade and Investment Minister Andrew Robb will visit North Asia between 4–12 April to advance Australia’s trade ties with Japan, sign a free trade agreement with Korea and to lead a 600-strong trade m ...
Media releases
Public release of Korea-Australia FTA text (Ministerial)
17 Feb 2014
The full text of Australia’s free trade agreement with Korea (KAFTA), our third-largest export market and fourth-largest trading partner, is today being publicly released, the Minister for Trade and I ...

Doing business

Having a basic understanding of Korean culture and business etiquette will encourage better business relationships. One of the most important aspects of Korean society that Australian business people should be aware of is a tendency towards respect for hierarchy, influenced by its strong Confucianist cultural heritage.

More information on doing business in the Republic of Korea

Country Profile

Content supplied by Department of Foreign Affairs and Trade

  • ECONOMIC CLIMATE
    The ROK has made remarkable economic progress in the last half-century. In 2011, the ROK was the 15th largest economy in the world.
    » 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
  • FREE TRADE AGREEMENTS
    Minister Robb and his Korean counterpart, Trade Minister Yoon, concluded negotiations on Australia-Korea Free Trade Agreement in early December 2013.
    » read more at DFAT

 

Australia's trade at a glanceAustralia's top ten trading partners

Industries

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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.

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.

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.

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

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    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 associated with exporting.

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