Victoria-Korea Business Forum to explore bilateral investment opportunity was
held in Melbourne on 14 June 2018.
The Forum provides
an efficient and effective platform to understand the latest trends in the
Victoria-Korea corridor, learn about evolving and emerging business
opportunities and help participants to build and strengthen their networks.
Philip Dalidakis, Victorian
Minister for Trade and Investment, Bill Paterson, former Australian Ambassador
to Korea, Cam McIntyre, CEO of carsales.com Ltd and Richard Heaselgrave, Chief
Revenue Officer at Tennis Australia participate in and share their view of
bilateral investment opportunity.
CEO of ‘carsales.com.au’ which made investments of $400 million in South Korea
over the last few years, says “Korean market is very modern market. It’s a
high growth market”
attractive for us because it’s very larger market than Australia market”
expects his business which is very digital have a lot of opportunities to grow
“Consumer confidence (in South Korea) is good over the past several
months. Economic conditions (in South Korea) are quite stable” he says “We are very excited about the prospective of Korean
Trade Commissioner for KOTRA Melbourne says two-way goods and services trade
between Australia and Korean is more than 40 billion dollars. But, the
investment is still a long way to go comparing with trade volume.
“In order to
increase the investment, we should expand our focus on energy and
infrastructure into new sectors such as consumer goods and contents” Yong-Seop
“I hope Korean companies
can participate in great energy projects in Australia, and I hope Korean
companies will have new business opportunities here”
for Trade and Investment, Philip Dalidakis says “Respect, friendship and
relationship are key to Australia and Korea”
“The most important
thing we can do to encourage great economic opportunity between our two
countries, between two peoples, between our regions is to focus on making sure
we understand each other” Philip Dalidakis says.
Victoria government, KOTRA Melbourne, Consulate general of
the Republic of Korea in Melbourne, AKYPA(Australia Korea Young Professional
Association) and AKBC( Australia-Korea Business Council) organise together this