Demystifying Korea
Understanding and doing business in Korea for Australian service providers
The Korea Australia Free Trade Agreement (KAFTA) levels the playing field for Australia with our international competitors in Korea, our fourth largest trading partner. It provides a foundation for Australian exporters to expand their engagement and access new opportunities in the country.
For service providers, unlocking these new opportunities through KAFTA is an important achievement, considering our services trade with Korea trails far behind our trade in goods. This Demystifying Korea report provides an overview of KAFTA’s benefits and the opportunity available for Australian businesses in professional services, financial services and education services.
The Export Council of Australia (ECA) encourages greater Australian engagement in the Korean services sector, and this report provides business with a resource to help understand both the opportunity as well as the challenges they may face along the way.
This report was made possible by our partners the Australia-Korea Foundation and Austrade.
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Dee-Ann Prather, Down Under Enterprises International
NSW Women in Global Business Award winner
Member of the ECA
“90% of our business is export based and we are expanding rapidly throughout Asia. As we move into new countries and regions it is important to understand the country, culture and business norms and ECA has helped us do this through their programs. ECA has also helped us improve our shipping and documentation efficiency, especially with the new GHS requirements. Overall, ECA is a wealth of information and knowledge and have always been very helpful when we have specific issues or questions.”
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