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.
Leandra Coffey, Director, Fruity Sacks
Member of the ECA
“Our business is about making it easy for people to make environmentally friendly choices. We are looking to expand into new overseas markets and the ECA have been a huge help in this endeavour. The ECA have given us introductions to key businesses that can help us in the markets we are looking at, and their workshops and seminars on topics relevant to exporting were extremely useful. All up, our association with the ECA has been a great asset to Fruity Sacks.”Become a Member
Homart Group has been established for 27 years, and specialises in manufacturing and marketing high quality Australian health supplements. Their products include two major segments of health supplements; skin care and dairy products. Their biggest export challenge is the regulations each country has for the import permits. It normally takes long time to get the registration approval before they can sell the goods into that country.