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Australia-Korea Business Council

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25.01.2022 [AKBC MEMBERS ONLY BRIEFING WITH THE HON. SIMON BIRMINGHAM] The Australia-Korea Business Council (AKBC) and the Australian Chamber of Commerce in Korea - (AustCham Korea) are pleased to invite our members to join our exclusive Australia-Korea Industry Roundtable with the Minister for Trade, Tourism and Investment, Senator the Hon. Simon Birmingham. The event will be co-chaired by the AKBC Chairman, the Hon. Simon Crean, and the AustCham Korea Chairman, Chris Racit...i, with the Minister providing an update on the Australia-Korea trade and investment relationship. Minister Birmingham will share his insights on the impact of COVID-19 on Australias trade with North Asia and specifically on the Australia-Korea economic relationship. The Minister will also outline the new and emerging opportunities for Australian businesses that may arise from changing dynamics in the Indo-Pacific region and plans for an Australia-Korea travel corridor. The roundtable will be hosted through Webex and registrations are essential. Please note that this session is only available to AKBC members. To register or confirm if your organisation is a member, please contact Liz Griffin at [email protected]. RSVP by Wednesday, September 9, 2020. #AusKorea #trade #investment #business #opportunity

25.01.2022 [UPCOMING AKBC EVENT] Korean cross-cultural training workshop On September 22, the Australia-Korea Business Council is hosting a tailored introductory Korean cross-cultural training workshop via Zoom. This session will be a classroom-style event, providing participants with the basic information they need to consider to best position their company in Korea through an understanding of the culture, government processes and business practices. The session will be held from 11.00...am-11.45am (AEST) and will cover the following topics: Why you should consider Korea as a new market for your business; An introduction to the Korean economy, including the impact of COVID-19; The Australia-Korea bilateral relationship and emerging opportunities; An introduction to e-commerce in Korea; Korean business culture and etiquette; and How best to engage with Korean clients and customers during COVID-19. We are currently accepting Expression of Interests. Please email AKBCs Executive Director Liz Griffin at [email protected] providing your name, business and the reasons why you would like to attend AKBCs cross-cultural training session. Learn more here: https://lnkd.in/g2kZRNJ #AusKorea #culture #business #insights

24.01.2022 [Brisbane-based scholarship opportunity] Brisbane City Council has opened the second round of their 2020 Lord Mayors Multicultural Business Scholarship Program. The program offers 100 online business course scholarships for business studies undertaken at CQUniversity Australia to support applicants who are starting or expanding their businesses and/or seeking to develop their skillsets. All courses can form part of a pathway to an online MBA program.... To be eligible for the program, applicants must: - be from a multicultural or culturally and linguistically diverse (CALD) background with at least one natural parent born in a country other than Australia; - have Australian citizenship or hold permanent residency; and - personally reside in the Brisbane City Council local government area. For more information on the program, offered courses and application process, please click here: https://lnkd.in/gyM9GXB Applications close on Friday 9 October 2020 at 5pm (AEST). #business #education #skills #opportunity

23.01.2022 According to data on the number of Investigational New Drug (IND) clinical trial approvals from the Korean Ministry of Food and Drug Safety (MFDS), Novotech CRO is one of the top 3 clinical trial contractors operating in Korea. Novotech announced the news at KoNECT (Korea National Enterprise for Clinical Trials)s international conference. The statistics were calculated by reviewing the number of IND clinical trials submitted and approved over the past 12 months as well as ex...isting data found on the MFDS website. Dr Yooni Kim, Executive Director and Head of Asia Operations at Novotech, said [t]he reason why Novotech ranks so high in the number of clinical trial approvals for new drugs is because Novotech has extensive knowledge and experience in each country that we are actively working in. Further, Dr Kim stated that Novotechs deeper understanding of local regulations and clinical trial practices allows the company to obtain the support of biotech sponsors to proceed with the trials. Novotech is the largest biotechnology specialist contract research organisation (CRO) in the Asia-Pacific and also operates in North America. Read the Korean article: https://lnkd.in/gmpnZNs Read Novotechs media release: https://lnkd.in/gaTyx7j #Korea #biotechnology #clinicaltrials

22.01.2022 Last night, the Australia-Korea Business Council announced this media release in support of the Australian Governments decision to name Hanwha Defence Australia as the preferred supplier to build and maintain 30 Self-Propelled Howitzers (SPHs) and supporting vehicles and systems under the LAND 8116 project. This landmark decision represents an important milestone in the Australia-Korea strategic #defence relationship. Read the media release here: https://lnkd.in/geWjvs9

22.01.2022 As demand for non-perishable products and home meal replacement dishes increased due to COVID-19, Korean food companies have posted record sales and profits. For example, CJ CheilJedangs increased home meal replacement sales in domestic and international markets resulted in soaring net profit growth of 300.1% year-on-year. The instant noodle market recently reported its highest semi-annual sales of 1.13 trillion or A$1.3 billion. (Nongshim)s instant noodle products sig...nificantly contributed to a 163.7% year-on-year increase in its operating profit and a doubling in the value of its online sales to 40 billion or A$46 million in the first two quarters of 2020. Overall, online sales of food products increased 46% year-on-year as consumers prefer untact (contactless) services during the pandemic. Read more here: https://lnkd.in/gvRSJbu #Korea #business #food #sales

22.01.2022 AKBC welcomed H.E. Mr Jeong-sik Kang, Ambassador Extraordinary and Plenipotentiary to the Commonwealth of Australia, to address the 41st AKBC-KABC Joint Meeting delegation. Ambassador Kang acknowledged that the Korea-Australia Free Trade Agreement, which entered into force in 2014, is a strong pillar upholding our complementary economic cooperation. Ambassador Kang also remarked that the Hydrogen Cooperation MoU signed between our two countries" and Australia's acquisition... of Korea’s K-9 self-propelled artillery are "testaments to the fact that our bilateral relationship has diversified into various areas of cooperation, including hydrogen and defence. Ambassador Kang stated that we must overcome the current crisis of COVID-19 swiftly, while creating a stable base for sustainable growth in the post-COVID-19 era. Ambassador Kang concluded that next year will mark the 60th anniversary of the formal diplomatic the establishment between Korea and Australia. Korean Embassy in Australia #AKBC2020 #trade #hydrogen #defence

22.01.2022 AKBC member Australian Strategic Materials (ASM) has produced 9kg of neodymium and praseodymium (NdPr) alloy with 99.65% purity at its pilot plant in Korea. Through its Korean joint venture partner, Ziron Tech, ASM is currently progressing an agreement with the Korea Institute of Industrial Technology (KITECH) to produce a 600kg sample of permanent magnets for the Korean industry. The sample will required 200kg of NdPr metal. David Woodall, Managing Director of ASM, remarked ...that "working with KITECH, a respected and leading innovation group in Korea to produce samples of permanent magnets is an important step in ASMs commercialisation strategy." ASM is an ASX listed company within the Metal & Mining sector and a member of the Korean Rare Earth Institute. Read more here: https://lnkd.in/gstnTj7 #AusKorea #rareearths #research #success

20.01.2022 [Upcoming event] Hydrogen certification in Australia Tomorrow, September 8, ANU Energy Change is hosting the public forum, How de we certify the amount of carbon embedded in hydrogen fuels? from 4.00pm - 5.30pm AEST or 3.00pm - 4.30pm KST. The forum will discuss hydrogen and ammonia certification from a government and business perspective and present the latest research from the Energy Change Institute.... Speakers include: - Rebecca Thomson, Hydrogen Strategy Team, Department of Industry, Science, Energy and Resources; - Dr Emma Aisbett, Associate Director (Research), ANU Energy Change Institute; - Penelope Howarth, Research Fellow, Australian Government Department of Foreign Affairs and Trade on secondment to the ANU Energy Change Institute; and - Dr John Soderbaum, Director of Science and Technology, ACIL Allen Consulting. For more information and to register, please click here: https://lnkd.in/gdyTrYe #hydrogen #energytransition #research #event

20.01.2022 Korean biotechnology company AriBio Co., Ltds new drug to treat Alzheimers disease has completed phase II trials. The results show that the drug, AR1001, acts against the protein which forms amyloid plaques that can disrupt healthy cell functioning in Alzheimers. Early analysis also suggests that the drug inhibits neuron cell death and restores the ability to strengthen connections between neurons. The trials consisted of 210 participants and results are expected to be pu...blished in early 2021. Read more here: https://lnkd.in/gPVmKyd #Korea #biotechnology #research #clincialtrials

20.01.2022 During the Joint Meeting’s health and biotechnology session Dr Robert Grenfell, Director of Health & Biosecurity at CSIRO, presented on "Technology development and translation some examples from Australia." His presentation covered consumer behaviour, opportunities in pharmaceuticals, and global collaboration on vaccine development. Dr Grenfell also noted the importance of consumers’ perceptions of vaccine safety when rolling out a new vaccine, particularly during a pandemic. #AKBC2020 #vaccine #technology #collaboration

20.01.2022 [AKBC Member Introduction] The Australia-Korea Business Council is pleased to welcome and introduce our new member, QIMR Berghofer Medical Research Institute. QIMR Berghofer is one of Australias largest and most successful medical research institutes. Since its establishment 75 years ago, the Institute has grown to become a world leader in researching cancer, infectious diseases, mental health and chronic disorders.... QIMR Berghofer is home to approximately 1000 scientists, support staff and students. Researchers in the Institutes four departments (Immunology, Cell Biology, Genetics & Computational Biology, and Population Health) consistently generate high-quality output (each year more than 700 publications, ~40 000 citations and ~20 clinical trials underway). QIMR Berghofer is a founding member of the Brisbane Diamantina Health Partners, an accredited Advanced Health Research and Translation Centre, and sits within the Herston Health Precinct in inner Brisbane, co-located with the Royal Brisbane & Womens Hospital and the clinical schools of the University of Queensland and Queensland University of Technology. #AusKorea #science #health #research

19.01.2022 [AKBC EVENT REMINDER SPORTS DIPLOMACY] This Wednesday August 26, the Australia-Korea Business Council is pleased to host our webinar, Soft Power: Using Sports Diplomacy to Score Business Outcomes Part 2, supported by the Australia-Korea Foundation. The webinar will be held on Zoom from 11.00am-12.00pm (KST) or 12.00pm-1.00pm (AEST). For more details and to register, please click Learn more below. ... #AusKorea #sport #business #opportunity #events

19.01.2022 Big Hit Entertainment, the company that manages BTS who are currently considered the biggest musical act in the industry, has officially kicked off its initial public offering (IPO). The IPO is reported to be South Koreas biggest in three years and is expected to galvanize the IPO market in the country, which had been suffering from low listing volumes in recent years. Big Hit Entertainment will be listing on the Korea Composite Stock Price Index (KOSPI) and will undertake t...he book building process on September 24 and 25, with institutional investors from within the country and abroad. On October 5 and 6, they will take general subscriptions and are likely to wrap up the IPO process that month. Big Hit Entertainments lead underwriters are NH Investment & Securities, Korea Investment & Securities Co., Ltd and J.P. Morgan. Mirae Asset Daewoo is a joint advisor. Read more here: https://lnkd.in/gVfHRpV #Korea #BTS #investment #business

19.01.2022 During the Joint Meeting's second session, Nobel Laureate Professor Peter Doherty, Patron of The Peter Doherty Institute for Infection and Immunity, discussed the impacts of COVID-19 and what we can expect going forward in the health and bio industry amidst the pandemic. Professor Doherty mentioned that Australia and Korea have learnt important lessons from responding to the current health crisis. In particular, the pandemic has shown we can rapidly understand novel viruses a...nd develop tests and potentially effective vaccines. Professor Doherty stated that great public policy, at both the national and federal level, along with great leadership and [developing vaccines] are important for us to open up internationally. Professor Doherty concluded that blocking international flights from an infectious area can prevent a second wave of COVID-19 and minimise the economic and social impacts of closing international borders. #AKBC2020 #COVID19 #innovation #travel

18.01.2022 During the Joint Meeting opening ceremony, Korean Trade, Industry and Energy Minister Sung Yun-mo highlighted the importance of the Australia-Korea bilateral relationship, which has been strengthened over 60 years of diplomatic relations. The Minister remarked that Korea is aiming to become a global leader in the hydrogen energy economy and Australia is an important trading partner. The Minister concluded that Korea looks forward to strengthening the bilateral relationship. #AKBC2020 #AusKorea #hydrogen #energytransition

18.01.2022 Samsung Electronics will supply and maintain 5G telecommunications equipment valued at 7.9 trillion or A$9.13 billion for Verizon Communications. Given that Verizon operates Americas largest wireless carrier, the contract will help Samsung expand its presence within the American wireless telecommunications market, worth 296.7 trillion or A$342.7 billion. "We are pleased to expand our long-standing partnership with Verizon to advance their next-generation network evolution.... With this latest long-term strategic contract, we will continue to push the boundaries of 5G innovation to enhance mobile experiences for Verizons customers," said Samsung in a statement. The partnership follows US President Donald Trump extending an executive order to prevent foreign companies, who pose a national security risk, from suppling telecommunications equipment to American firms until May 2021. Samsungs contract with Verizon is valid until December 2025. Read more here: https://lnkd.in/gpDDA-t #Korea #5G #telecommunications #business

17.01.2022 [AKBC EVENT WITH ASIA SOCIETY AUSTRALIA] The Australia-Korea Business Council is pleased to invite you to our upcoming webinar, Yeo (women) power: the road towards womens empowerment in Korea, held in partnership with Asia Society Australia. The Zoom webinar will be held on Tuesday 1st September at 10.00am (KST) or 11.00am (AEST). To discuss what gender diversity initiatives and challenges look like in Korea and Australia, Liz Griffin, Executive Director of AKBC, will mode...rate a panel of business leaders, academics and thinkers including: Sinjung Kwon, Partner at Mazars Australia; Dr Kyungja Jung, Senior Lecturer of Social and Political Sciences Program at University of Technology Sydney; and Frances Cha, Author of If I Had Your Face. Yvonne Kim, Executive Director of the Asia Society Korea Centre, will close the session. Join this multi-disciplinary panel as we examine the social, economic, and business impact of gender inequality in South Korea, how Korea could benefit from greater empowerment from women, and what opportunities COVID-19 could bring to women in Korea. Registrations are essential, please click here: https://lnkd.in/grN7CBq #AusKorea #empowerment #event

16.01.2022 BTS () recent debut at No. 1 on the Billboard Hot 100 chart with their English-language single, Dynamite, is expected to be worth 1.7 trillion or A$1.97 billion and create 8,000 jobs. The Korean Ministry of Culture, Sports and Tourism and the Korea Culture and Tourism Institute co-published a report on the economic impact of the achievement based on the estimated revenue earned from sales of the single and exports of related consumer products, such as cosmetics and f...ood. The effect on local tourism was not predicted due to current restrictions on international travel. However, the Ministry expects that BTS accomplishment and promotional activities will continue to increase Koreas global profile, which will create additional value in the future. Read more here: https://lnkd.in/gcxZZ3R #Korea #BTS #music #kpop

16.01.2022 [EOI for the NSW Going Global Program are open] The Going Global Program is open for expressions of interest from eligible NSW businesses who are export capable or ready and/or looking to start exporting or diversify into new export markets The program enables NSW businesses to gain a deep understanding of specific international markets, the opportunities and pathways to markets across sectors, and provides introduction to customers and other in-country contacts.... The 2020/2021 Korea program will focus on agribusiness, food and beverage exports. Korea is the fourth largest export market for Australia in this sector, valued at A$2.6 billion in 2018. The Korean market is rapidly growing and has a strong e-commerce, retail and food culture. The Korea program will include partner introductions, one-to-one business matching, virtual tradeshows, networking opportunities and much more. For more information and the eligibility criteria, click here: https://lnkd.in/gV7tyWm EOI close on 8 September 2020 at 11:59pm (AEST) and can be submitted here: https://lnkd.in/gKkxRN9 #AusKorea #exports #agribusiness #trade #food

15.01.2022 [AKBC EVENT REMINDER] MEMBERS ONLY ROUNDTABLE WITH HON. SIMON BIRMINGHAM Tomorrow, September 10, the Australia-Korea Business Council and Australian Chamber of Commerce in Korea - are pleased to host our exclusive, members-only Australia-Korea Industry Roundtable with the Minister for Trade, Tourism and Investment, Senator the Hon. Simon Birmingham. The event will commence at 12.30pm (KST) or 1.30pm (AEST) and will be hosted through Webex.... Please note that this session is only available to AKBC members. To register or confirm if your organisation is a member, please contact Liz Griffin at [email protected]. RSVP by Wednesday, September 9, 2020. #AusKorea #investment #trade #business

15.01.2022 Bill Paterson PSM, former Australian Ambassador to the Republic of Korea and AKBC Director, has written an insightful analysis on why the Australia-Korea defence relationship should be stronger. Mr Paterson explores how developing the [defence] relationship has been difficult following the Korean War. Australia continues to contribute to the United Nations Command (UNC)s efforts on the Korean peninsula, however, there is no bilateral agreement to allow Australian troops t...o exercise in Korea outside of the UNC. Further, Australia is yet to source significant defence equipment from an Indo-Pacific partner. Mr Paterson notes that the shortlisting of Hanwha Defenses bid to supply 450 infantry fighting vehicles to the Australian Army and the revival of the project to acquire 30 Korean K9 self-propelled howitzers could be the basis for a much stronger defence partnership. Finally, Mr Paterson argues that Australias 2020 Defence Strategic Update, which prioritises Australias involvement in the Indo-Pacific, has the potential to expand Australia-Korea defence and security cooperation. He concludes it is in the strategic interests of both to do so. Read the article: https://lnkd.in/dZRtXkv Australian Strategic Policy Institute #AusKorea #defence #cooperation

14.01.2022 [AKBC Member Introduction] The Australia-Korea Business Council is pleased to welcome our new member, KB Financial Group Inc. Founded in 2008, KB Financial Group is the largest financial group in Korea with total assets over USD 430 billion and a wide customer base of more than 34 million around the globe. ... As a leading financial services provider in Korea, the group offers a broad range of financial products and services encompassing: Corporate Banking, Retail Banking, Investment, Securities etc. Under the group, there are 13 subsidiaries wherein each is positioned as an innovative market leader, including KB Kookmin Bank, KB Securities, KB Insurance and KB Kookmin Card. KB #AusKorea #investment #finance #banking

13.01.2022 Last Sunday, Korea recorded its highest number of COVID-19 cases since March 7 397 cases. In the last 10 days, outbreaks have resulted in triple-digit case numbers, with many cases traced back to a Seoul-based church. "Were on the brink of a nationwide pandemic as the number of new cases are increasing in all 17 regions across the country," warned Jung Eun-Kyeong, Director General of the Korea Centers for Disease Control and Prevention. The Korean government has introduced... level 2 social distancing rules nationwide, which includes advising people to stay at home as much as possible and the closing of 12 high risk businesses, such as nightclubs and internet cafes. If social distancing rules are extended to level 3, schools and additional, non-essential businesses will be urged to close. Although COVID-19 cases are currently increasing, Korea has successfully flattened the curve before and the country will do so again. Read more here: https://lnkd.in/gz6HeKb #Korea #COVID19 #flattenthecurve #socialdistancing

13.01.2022 Koreas manufacturing conglomerates are transforming their businesses by incorporating artificial intelligence, big data and robotics into their operations. Since 2018, (POSCO) has used its smart factory platform, PosFrame, to collect and analysis real-time data during steel production to create optimal production conditions. Another example is Hyundai Motor Groups 2025 Strategy to reorganise the companys structure along two main pillars smart mobility products and ...services. The group is aiming to mass produce autonomous vehicles by 2024 and develop personal air vehicles, which are expected to account for 30% of future sales. Koreas 5G network has been crucial to supporting the manufacturing conglomerates usage of smart technologies. The 5G network sends data 20 times faster than the maximum speed of the 4G network and can support up to 1 million devices per square kilometre. Korean companies are already preparing for 6G to be widespread and used by 500 billion devices by 2030 providing significant opportunities for businesses to further adopt smart technologies. Read more: https://lnkd.in/dBCe9jZ #Korea #technology #innovation #future

13.01.2022 During the Joint Meeting’s closing ceremony, Mr Jeong-Woo Choi, Chairman of the Korea-Australia Business Council and CEO of (POSCO), highlighted the importance of Australia-Korea collaboration in the hydrogen and biotechnology industries. Chairman Choi expressed hope to see the Australian delegation and conduct business activities in-person in the near future. Chairman Choi concluded that he looks forward to seeing everyone at the 42nd AKBC-KABC Joint Meeting and celebrati...ng the 60th anniversary of Australia-Korea diplomatic relations in 2021. #AKBC2020 #AKBC2021 #AusKorea #collaboration See more

12.01.2022 Congratulations to Caleb Ewan for winning the third stage of the 2020 Tour de France! The third stage is an impressive 198km journey from Nice to Sisteron in the south-east of France. Caleb made his Tour de France debut last year, winning three stages. The Korean-Australian cyclist said, Im so happy to get another win and then prove last year was no fluke. The 2020 Tour de France is comprised of 21 stages, ranging from flat to mountainous, and covers 3,484km. The race will... conclude at the Champs-lyses in Paris on September 20. Read more and watch the race here: https://lnkd.in/gEMqrp8 Le Tour de France #AusKorea #cycling #sports

12.01.2022 AKBC member Southern Gold Limited has entered into a binding legal agreement with Ausino Drilling Services Pty Ltd (ADS) to support the delivery of mining exploration drilling in Korea. The four-year partnership "will help build the position of both companies in South Korea and ensure a high standard of drilling at a competitive price," said Simon Mitchell, Managing Director of Southern Gold. Provisions of the agreement include: - ADS will set up corporate entities and operat...ional capabilities in Korea, aiming to directly support Southern Golds exploration drilling activities; and - Southern Gold will grant ADS 10 million performance rights (US$0.11/right or A$0.155/right), subject to shareholders approval. ADS General Manger Campbell Powell stated that: We cant wait to get into the country to lift Southern Golds drilling capabilities to another level. The potential into the medium term is also huge as were convinced South Korea is the next big play in North Asia. Southern Gold is a gold explorer and producer, owning a portfolio of high-grade gold projects in Korea. ADS is a privately-owned contract drilling company based in Adelaide and Perth and operating in China. Read more: https://lnkd.in/dFxsaPf #AusKorea #resources #mining

12.01.2022 Business Report has released a special report on global competition in the battery market and the future of hydrogen vehicles. With the recent shift towards electric cars, the battery has become a key export for Korea. However, competition has intensified between Korea, China and Japan. According to industry experts, as of August 31, battery orders to LG Chem, Samsung SDI and SK Innovation alone reached 300 trillion (A$342.2 billion). The companies have also significantly in...vested into developing key technologies. After providing a 20-year history on electric vehicles, the report discussed Koreas pursuit of a hydrogen economy and developing hydrogen vehicles. As part of Koreas strategy, the report mentioned Hyundai Motor Companys Memorandum of Understanding with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) and Fortescue Metals Group to commence: - joint development on innovative hydrogen production technology; and - establish a cooperation system to pioneer new hydrogen supply infrastructure projects. Read more here (Korean language): https://lnkd.in/gFTyq6J Hyundai Worldwide #AusKorea #batteries #innovation #hydrogen

10.01.2022 Korean entrepreneurs are key players in creating innovative change to help Korea address the climate crisis. With support from the Korean government, investors and more eco-conscious consumers, startups are focusing on developing environmentally friendly products and encouraging zero waste. For example, Montsenu is creating clothes, footwear and accessories made of recycled PET (plastic) bottles. While recycling plastic is important, reducing overall plastic production and u...sage will help prevent future accumulation of plastic products. As such, startup Rewind is producing 100% biodegradable cafe products, which are made out of corn, straw and sugar cane. Given that Korean consumers use on average 500 plastic cups per year, the potential positive impact of biodegradable cups is enormous. Read more here: https://lnkd.in/d6m37Fq #Korea #sustainability #startups #innovation

09.01.2022 AKBC was pleased to welcome an address by H.E. Mr James Choi, Australian Ambassador to the Republic of Korea, at the 41st AKBC-KABC Joint Meeting. The Ambassador remarked that the key themes of the today’s meeting hydrogen and biotechnology - will underpin the new phase of the bilateral trade and investment relationship. He also stated that President Moon Jae-in confirmed Korea’s commitment to a green energy transition by announcing a target of net zero carbon emissions b...y 2050. The Ambassador concluded that Australia is well placed [to support] Korea in this area. Australian Embassy, Republic of Korea #AKBC2020 #energytransition #hydrogen #AusKorea See more

09.01.2022 Korean cyclist Jeong Jin has cycled through 74 countries over nine years and is now staying with a family on the Gold Coast. Ms Jeong started her journey in San Francisco in 2011 and has travelled 80,000 kilometres across six continents. Since arriving in Australia, Ms Jeong has visited New South Wales, Victoria, South Australia and the Northern Territory, reaching the Gold Coast before the closure of the Queensland-New South Wales border on August 8. ... Zoe Milsom, who is one of Ms Jeongs 42,000 Facebook followers, opened up her home when she heard the cyclist had arrived in the Gold Coast. While staying with the Milsoms, Ms Jeong has ticked off some of her Australian to-do list including learning how to surf and seeing wild wombats and koalas. "Theyre a lovely family and Ive just fallen in love since meeting them," Ms Jeong said. Although the coronavirus pandemic has created much uncertainty, Ms Jeong remarked that her curiosity [keeps her] cycling and she will continue her world cycling tour when borders reopen. Watch the story here: https://lnkd.in/g9R8p4g Cycling Around The World #AusKorea #empowerment #resilience #travel

09.01.2022 [AKBC MEMBER EVENT] This Wednesday, September 2, AKBC member Austrade and Cherry Growers Australia are hosting a virtual Korean market briefing from 1.30pm 2.30pm AEST. Australian cherry exports were valued at A$82 million during the 2019-2020 season and a new protocol and workplan have been implemented to allow mainland cherries to be exported to Korea.... Learn more about how to succeed in the Korean market at this upcoming webinar, register here: https://lnkd.in/eY4a3jb. #AusKorea #agriculture #exports #food

08.01.2022 Dr C. Glenn Begley, CEO of BioCurate Pty Ltd and Chair of the Australia-Korea Business Council's Innovation in Health and Biotechnology sub-committee, was the moderator for the Joint Meeting’s second session - The rise of the Health and Bio Industry amidst the COVID-19 pandemic. Dr Begley remarked that the COVID-19 pandemic has reinforced the importance of biotech and health industries worldwide. #AKBC2020 #biotechnology #health #COVID19

08.01.2022 Mr Tae-shin Kwon, Vice-Chairman of the Federation of Korean Industries, opened the first session of the Joint Meeting, Hydrogen Collaboration Opportunities Between Australia and Korea. He noted that climate change is common challenge which Australia and Korea can both address by developing hydrogen economies. #AKBC2020 #climatechange #hydrogen #collaboration

07.01.2022 In recent years, startups have been instrumental in developing Koreas popular online delivery services. Supported by artificial intelligence, which predicts consumers orders, startups including Coupang and Market Kurly have attracted customers by offering same day and early morning deliveries at 7am. However, as COVID-19 continues to increase demand for online deliveries, conglomerates are seeking to expand their domestic market share and pursue overseas markets. For exa...mple, NAVER Corporation is adding three retail chains and Hyundai Department Stores grocery unit to its online platform. The company already has a customer base of 40 million people and is offering discounts for using their mobile payment service, Naver Pay. Lee Sueng-hoon, an anslyst at IBK Investment & Securities, said we added Amazon and Alibaba to the peer group [of Naver]...we believe that the company can grow as a global platform covering South Korea, Japan and Southeast Asia. In response to the growing competition, startups will focus on customer service and rewarding loyal customers. Kim Se-min, a Coupang spokesperson, said [Coupangs] best strategy is to offer good services. Read more here: https://lnkd.in/gmAt-Ce #Korea #ecommerce #business

07.01.2022 AKBC was delighted to have Senator the Hon. Simon Birmingham, Australian Minister for Finance and Minister for Trade, Tourism and Investment, address the 41st AKBC-KABC Joint Meeting delegation. Minister Birmingham remarked that Australia places enormous importance on our longstanding relationship with Korea, which has been built on trade and investment across resources, energy and agriculture, including in beef and barley. Minister Birmingham described the Australia-Korea ...trade and investment relationship as highly complementary, with Australian raw materials exported to Korea and Korean goods including fuel-efficient cars, smart phones and refined petroleum exported to Australia. Minister Birmingham stated that there are exciting, emerging opportunities for Australia-Korea collaboration including in hydrogen, critical minerals and rare earth elements, biotechnology, pharmaceuticals and telemedicine. With the 60th anniversary of diplomatic relations between Australia and Korea in 2021, Minister Birmingham remarked that there is much to celebrate: our rich trade and investment relationship, our strong people-to-people links [and] our shared strategic interests. #AKBC2020 #AusKorea #opportunity #collaboration

07.01.2022 [AKBC EVENT Sports Diplomacy Part 2] The Australia-Korea Business Council is pleased to invite you to our upcoming webinar, Soft Power: Using Sports Diplomacy to Score Business Outcomes Part 2, supported by the Australia-Korea Foundation. The Zoom webinar will be held on Wednesday 26 August at 11.00am-12.00pm (KST) or 12.00pm-1.00pm (AEST). To discuss how we can better leverage sports diplomacy as a tool to enhance our engagement with South Korea, Liz Griffin, Executive... Director of the Australia-Korea Business Council, will moderate a panel of thinkers including: Fiona de Jong, Head of Australias Nation Brand at Austrade & Former CEO of the Australian Olympic Committee; Andrew James, Director & Senior Principal at Populous; JooYoung Kim, Senior Associate & Architectural Designer at Populous; and Chris Oxspring, Former Professional Baseball Player for LG Twins, Lotte Giants & KT Wiz, Former Coach (Lotte Giants) & Silver Olympic Medallist. Registrations are essential, please click here: https://lnkd.in/g9H6Mve Australian Government Department of Foreign Affairs and Trade Populouss #AusKorea #sport #business #opportunity

05.01.2022 On August 31, BTS () became the first South Korean artist to top the Billboard Hot 100 Chart with their new single Dynamite. Koreas highest record prior to BTS was No. 2 with Psys Gangnam Style back in 2012. The music video for Dynamite broke several records: - the most views on YouTube within 24 hours of being released (101 million views); - 7.788 million streams within 24 hours, becoming Spotifys biggest debut of 2020; and - the fastest song to top over 100 iT...unes charts worldwide. In addition, BTS gave their first performance at the MTV Video Music Awards and were awarded best pop music video, best choreography, best group and best K-pop group. Read more here: https://lnkd.in/diM4QMh #Korea #Kpop #BTS #music

05.01.2022 AKBC member Hanwha Defense Australia (HDA) was announced today as the preferred supplier of the Australia Defence Forces Protected Mobile Fires project. HDA will build and maintain 30 self-propelled howitzers and 15 armoured ammunition resupply vehicles and their supporting systems for the Australian Army. The Request for Tender is a significant opportunity to deepen Australia-Korea defence ties as HDA is committed to expanding Australias defence industry. HDA has confirmed... that the vehicles will be built in a new facility in the Geelong region, creating up to 350 highly skilled, local jobs and further opportunities for employment in areas such as warehousing and transport. Minister for Defence, Senator Linda Reynolds CSC, stated that the acquisition of this capability will provide the ADF with the mobility, lethality and protection required to support Joint Force operations in the land domain." Richard Cho, Managing Director of HDA, remarked that this is a tremendous outcome for our company and we very much appreciate the Commonwealth placing their trust in Hanwha for this opportunity. Read more here: Australian government release: https://lnkd.in/gQpvu8z HDA release: https://lnkd.in/gp5HUSD #AusKorea #defence Photo Credit: Hanwha Defense

04.01.2022 [Sydney-based job opportunity with Hyundai Motors Australia] Hyundai Motor Company Australia is looking for a Marketing Assistant with Korean language skills for a 9-month fixed term contract based at their Macquarie Park Head Office. Hyundai Motors is driven by the belief that everyone should have access to the very best in modern mobility. Hyundai Motors continues to enrich its product line-up with vehicles that are helping to build solutions for a more sustainable future,... such as NEXO, the worlds first dedicated hydrogen-powered SUV and the Kona Electric, the worlds first small electric SUV. The Marketing Assistants key responsibilities will include marketing administration, English/Korean translation work, assisting in the provision of the full range of campaign support materials, liaising with media suppliers and creative and media agencies and suppliers to deliver marketing communications. The ideal candidate must have exceptional bi-lingual Korean/ English written and verbal communication skills. To read the full selection criteria and apply for the position, please click here: https://lnkd.in/dDFm8RT #AusKorea #jobs #opportunity #marketing

04.01.2022 (Hana Financial Investment) has acquired the 162MW Columboola Solar Farm in Queensland from UK-based developer Luminous Energy. Located on a 405-hectare site in the Western Downs region, the solar farm will create 400 jobs and power the equivalent of 100,000 households per year. CS Energy has signed a Power Purchase Agreement (PPA) to purchase 100% of the solar farms output to onsell to industrial and commercial customers including CQUniversity Australia, Griffith Univ...ersity and (QUT (Queensland University of Technology). Jolyon Orchard, CEO of Luminous Energy, said this project showcases how innovation can help secure an impactful and prestigious PPA, such as that with CS Energy, and interest from a world class investor, such as Hana Financial Investment. Construction will commence this year and is expected to conclude by the end of 2021. Read more here: https://lnkd.in/gvmY5A8 #AusKorea #renewableenergy #investment #solar

03.01.2022 On August 10, Hyundai Motor Company launched its new brand of electric vehicles, IONIQ. The brand promises to offer sustainable vehicles with interiors designed to be smart living spaces including highly adjustable seats and wireless connectivity. There are currently three IONIQ models expected to be released within the next four years. The IONIQ5, a midsize CUV, will be the first model launched in early 2021. To promote the launch, Hyundai partnered with BTS to release the... song, IONIQ: Im On It. Within one week of its release, the official music video has already reached 14.6 million views. I hope Hyundai and BTSs new collaboration song encourages the bands global fan base as well as our customers to draw their attention to Hyundais vision for clean mobility, which is being realised through the new IONIQ EV brand, said Wonhong Cho, Executive Vice President and Global Chief Marketing Officer at Hyundai. The IONIQ brand will contribute to Hyundais Strategy 2025, which aims to position the company as the worlds third largest producer of green vehicles and sell one million battery electric vehicles by 2025. Read more here: https://lnkd.in/gXuxcJX Hyundai Worldwide #Korea #electricvehicles #BTS

03.01.2022 The Australia-Korea Business Council is honoured to announce that H.E. Ms Julie-Ann Guivarra, Australias Ambassador for Gender Equality, will be opening our upcoming webinar Yeo (women) power: the road towards womens empowerment in Korea. Hosted in partnership with Asia Society Australia, the webinar will be held on Tuesday 1st September at 10.00am (KST) or 11.00am (AEST). Join us as we examine the social, economic, and business impacts of gender inequality in Korea, how ...Korea could benefit from greater empowerment of women, and what opportunities COVID-19 could bring to women in Korea. For more information and to register, please click here: https://lnkd.in/grN7CBq #AusKorea #women #genderequality #empowerment

03.01.2022 [Job Opportunity with NSW Treasury] NSW Treasury is seeking candidates with experience working in Korea and/or Japan for the role: Associate Director International Engagement & Market Development, JAPAN & KOREA. The Associate Director, Japan and Korea will play an important role in defining and delivering against NSWs trade and investment strategy across Korea and Japan.... Key responsibilities include developing and maintaining strong relationships with key investors, designing market-focussed trade programs to grow NSWs share of exports and leading a dynamic team who is responsible for trade promotion, business development, project management and international trade mission delivery. If you are passionate about working in a team that has a real impact on the trade and investment agenda of Australias largest state, have experience working in and with the Korean and Japanese markets and a desire to see NSWs economic ties with these important markets grow, then this job is for you. Applications close on Monday 24 August 2020 at 9:59am AEST. For more information, click here: https://lnkd.in/gxKV-NM NSW Government #AusKorea #jobs #hiring #opportunity

02.01.2022 Dr Jin-San Yoo, CEO of PharmAbcine Inc., presented on "The Clinical Development of Olinvacimab in Australia with COVID-19 Pandemic at the Joint Meeting. PharmAbcine have been undertaking clinical trials in Australia and Dr Yoo remarked that Australia is the company’s first choice to initiate phase 1 trials. Dr Yoo stated that current limitations of cancer drugs are their side-effects and how their effectiveness reduces over time. PharmAbcine’s novel drug, Olinvacimab, is a... next-generation cancer treatment and data suggests the drug has a good safety profile. Dr Yoo noted that PharmAbcine will be commencing new clinical trials in 2021. #AKBC2020 #clinicaltrials #innovation #research

01.01.2022 [AKBC Member event] Disrupted supply chains Has your export supply chain been impacted by COVID-19? AKBC member Austrade is hosting the webinar, "Disrupted supply chains and changing consumer behaviour," on Wednesday 16 September from 11:00am to 12:00pm (AEST).... Led by Tim Beresford, Austrades Acting CEO, a panel of experts from PwC Australia and Qantas will share their insights to help you better understand how to tackle the current supply chain environment. You will also hear from an exporter sharing their experience in overseas markets. Learn more and register here: https://lnkd.in/gASbKv2 #business #supplychain #export #ftaseminars