The Australia reported that Korea is the quiet beneficiaries of the Chinese dealting with most of the protectionist critisism because it is considering a big push into Australia.
Korea has already invested $23 billion in Australia but according to John Walker, the senior Macquarie Group figure in Asia, several large Korean instidutions are currently consdering big investment into Australia. It is believed that Shinhan Bank, Mirae Asset, and the Public Officials Benefit Association are those who interested in the Australian market.
Walker said since the Free Trade Agreement between Korea and Australia came into force almost 2 years agomore higher official visited Australia.
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