Around 110 Korean and NSW’s business representatives attended the 2018 Korea-NSW Business Forum in Sydney to build a network and discuss the latest trade and investment opportunities on 4 September.
The forum was hosted by the Consulate-General of the Republic of Korea in partnership with the NSW Department of Industry, Korea Trade-Investment Promotion Agency (KOTRA) and the Australia Korea Business Council (AKBC).
Mr Sang-Soo Yoon, Consul-General of the Republic of Korea in Sydney said: “The forum is a chance to exchange opinions in regards to the business environment between Korea and Australia and find out bilateral investment opportunities.”
Session one, Enhancing Australian and Korean Business Cultural Understanding explored some of the cultural differences between doing business in Australia and Korea. Session two, Korea-NSW Investment Opportunities, focused on two-way investment opportunities.
Parliamentary Secretary to the Premier and Treasurer Jonathan O’Dea MP who attended the forum spoke about the strong relationship between NSW and the Republic of Korea, its third largest export partner.
“The merchandise trade between NSW and South Korea today is worth $9.5 billion annually and continues to rise.”
“Although coal has been our key export, most recently we have also seen our exports of wine and spirits soaring in line with demand from consumers in Korea.” Mr O’Dea said.
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