News

AKBC member GreenPlus Co. Ltd. recently developed one of the world’s largest vertical farms totalling 1.9ha under 2.6ha.

Hanwha Defense Australia is one of AKBC's Accelerate members and their Managing Director, Richard Cho recently shared their plans in an interview with the Australian Defence Magazine. 

The Australia-Korea Business Council (AKBC) is hiring a Project Manager!

The AKBC exists on behalf of its members to promote and further the Australia-Korea bilateral relationship. Since 1978, AKBC has been committed to promoting two-way trade and investment with the Republic of Korea, fostering economic cooperation and partnerships between the Australian and Korean business communities. Korea is one of Australia’s largest bilateral trading partners and the opportunities for deepened engagement and economic success are increasing.

The Project Manager can be based in any Australian State or Territory and must have experience working in the Australia-Korea bilateral relationship.

National Pension Service (NPS), the third-largest pension fund in the world, posted a double-digit return for the first time in the previous two years in 2023, setting records for assets and profits.

Hanwha Aerospace Co. and ITM Semiconductor Co. have joined forces to create batteries for submarine exports.

Woodside Energy is partnering up with SK E&S for a "lower carbon" hydrogen project. 

EcoPro Co., a South Korean battery materials maker, created the "Global Resources Office" to facilitate the procurement of vital resources for secondary battery material production, including lithium and nickel.

South Korea to pass special bills to establish Korea Aerospace Administration (KASA) in Sacheon, South Gyeongsang Province. KASA will merge the two current space institutes, the Korea Aerospace Research Institute and the Korea Astronomy and Space Science Institute to optimise efficiency in R&D.

The Ministry of Oceans and Fisheries announced South Korea’s seaweed (gim) export reached 1 trillion won (US$763 million) in 2023.

The United States surpassed China as South Korea’s biggest exporter for the first time in 20 years. According to the Ministry of Trade, Industry, and Energy, auto exports were the main driver in South Korea’s trade surplus of $44.5 billion in 2023, amounting to $70.8 billion. With a new record of 1,172,612 units exported to the US from January to November.