The inaugural Victoria-Korea Business Forum to explore bilateral investment opportunity was held in Melbourne on 14 June 2018.
The Forum provides an efficient and effective platform to understand the latest trends in the Victoria-Korea corridor, learn about evolving and emerging business opportunities and help participants to build and strengthen their networks.
Philip Dalidakis, Victorian Minister for Trade and Investment, Bill Paterson, former Australian Ambassador to Korea, Cam McIntyre, CEO of carsales.com Ltd and Richard Heaselgrave, Chief Revenue Officer at Tennis Australia participate in and share their view of bilateral investment opportunity.
Cameron McIntyre CEO of ‘carsales.com.au’ which made investments of $400 million in South Korea over the last few years, says “Korean market is very modern market. It’s a high growth market”
“It’s very attractive for us because it’s very larger market than Australia market”
Cameron McIntyre expects his business which is very digital have a lot of opportunities to grow and expand.
“Consumer confidence (in South Korea) is good over the past several months. Economic conditions (in South Korea) are quite stable” he says “We are very excited about the prospective of Korean economy”
Yong-Seop Byeon, Trade Commissioner for KOTRA Melbourne says two-way goods and services trade between Australia and Korean is more than 40 billion dollars. But, the investment is still a long way to go comparing with trade volume.
“In order to increase the investment, we should expand our focus on energy and infrastructure into new sectors such as consumer goods and contents” Yong-Seop Byeon says
“I hope Korean companies can participate in great energy projects in Australia, and I hope Korean companies will have new business opportunities here”
Victorian Minister for Trade and Investment, Philip Dalidakis says “Respect, friendship and relationship are key to Australia and Korea”
“The most important thing we can do to encourage great economic opportunity between our two countries, between two peoples, between our regions is to focus on making sure we understand each other” Philip Dalidakis says.
Victoria government, KOTRA Melbourne, Consulate general of the Republic of Korea in Melbourne, AKYPA(Australia Korea Young Professional Association) and AKBC( Australia-Korea Business Council) organise together this forum.
