Last updated: 17 Mar 2012
Market profile
Insights and opportunities
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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
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.