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South Korea map
Republic of Korea
  • Imports from the Republic of Korea A$9,203 million
  • Exports to the Republic of Korea A$19,116 million
  • Capital Seoul
  • Official Language Korean
  • Area 99,000 sq km
  • Population 50.0 million

Market profile

Insights and opportunities

Read bio and full transcript

Latest news

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 ...
Latest from Austrade
Further content on Korea-Australia Free Trade Agreement now available
17 Feb 2014
Negotiations on a Free Trade Agreement with Korea were concluded last December. The governments of Australia and Korea have now agreed to make the formal text of the Agreement - KAFTA - publicly avail ...
Latest from Austrade
New round of funding for Australian member–based business organisations targeting Asia
5 Feb 2014
Austrade is seeking Expressions of Interest from Australian member–based business organisations for the 2014 Asian Business Engagement (ABE) Plan grant round.

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 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

icon Top Business Risks

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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