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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Ed Serrano
Managing Director,
VEKTA Advanced Automation
Member of the ECA
"In 2014 Vekta Automation became involved in the Export Awards and started to get a better understanding about the role of the Export Council of Australia.
After attending a seminar in Perth in February 2019 the decision was instantly made and we signed up the next day. A decision we should have made 5
years earlier. For Vekta, the information, expertise and networking opportunities that the ECA provides has been valuable. It is reassuring knowing
that there are experienced and knowledgeable people we can turn to when advice is needed."
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Established in 1970, Mavlab Animal Health Pty Ltd is a Queensland based, family-owned, GMP licenced manufacturer of veterinary pharmaceuticals and pet care products. Mavlab has an extensive range of prescription and over the counter
products sold in a growing number of global markets. Contract manufacturing opportunities are also available.