Korea

Korea is an important trading partner and investor for Australia’s resources sector. It is Australia’s second largest export destination for thermal coal and zinc, third largest for iron ore, and fourth largest for metallurgical coal.

Korea is one of our traditional markets in North Asia, where long terms contracts and investment have ensured a secure and reliable supply to Korea and supported the development of our mining industry. In the last decade, Korea has expanded its investment and trade activities to Australia’s LNG industry where we have benefited from access to Korean ship building and innovative heavy industry technologies.

Australia will continue to grow our relationship with Korea through the promotion of trade and investment, and technology cooperation.

Korea-Australia trade and investment agreements

How is the department involved?

The department plays an active role in:

  • Communicating with our Korean counterparts, and industry on relevant policies and initiatives on resources
  • Engaging and building relationships with Korea to promote resources trade and investment.

The department also engages with Korea by participating in the Australia-Korea Joint Committee for Energy and Mineral Resources Consultations and Cooperation (JCEM) to explore areas of mutual understanding and promote cooperation in the resources and energy sector.

Related Pages

More information

Australia-South Korea bilateral forums

Relevant government agencies and research institutes

Contact

Email: bilaterals@industry.gov.au.

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