The who’s who of Australia-Korea business will head to Brisbane in November to attend this year’s joint meeting of the Australia-Korea Business Council (AKBC) and Korea-Australia Business Council (KABC).

The 38th annual AKBC/KABC joint meeting from 12 to 14 November will bring together leaders from business, government and other key institutions for this premier event on the Australia-Korea business calendar.

Held in Brisbane for the first time in its 37-year history, the joint meeting will give delegates a unique opportunity to understand the latest trends in Australia-Korea business and generate new trade and investment outcomes.

Daniel Kim, Queensland Trade and Investment Commissioner for Korea and AKBC Board Member, said the theme for the 2017 joint meeting was ‘Creating a new era of growth: stronger together’.

‘Many people are surprised to learn that Korea is already Australia’s fourth-largest, and Queensland’s third-largest, trading partner,’ Mr Kim said.

‘In the 2016–17 financial year, two-way trade between Queensland and Korea was worth more than $A11 billion, and Queensland exports to Korea rose 30%.

‘But there’s still a great deal of potential to be explored, and that’s what the 2017 joint meeting will focus on – exploring new opportunities that will allow us to build on existing strengths and embark on a new era of growth together.

‘Last year’s joint meeting resulted in more than A$1 billion of new investment by Korean institutional investors in Australian infrastructure funds and commercial property, and led to a Korean investor backing a major Queensland solar project.

‘We certainly expect to see more deals, R&D collaborations and ideas emerge from the Brisbane gathering.’

More than 200 delegates will attend the 2017 joint meeting, including major investors and fund managers, construction contractors, project proponents, commercial and investment bankers, exporters, government decision-makers, and leading researchers.

They’ll hear from a line-up of high-profile speakers, including Whitehaven Coal Chairman the Hon. Mark Vaile AO, and Dr Kwon Oh-joon, Chairman of POSCO, the world’s fourth-largest steelmaker and Australia’s single largest Korean customer.

Mr Kim said the program would focus on evolving opportunities in both traditional industries and emerging sectors.

‘We’ll be discussing traditional pillars such as energy, resources, infrastructure, food and agribusiness,’ he said.

‘We’ll also have a session on the “Fourth Industrial Revolution”, which will look at new opportunities in renewables, energy storage, food technology, medical devices, autonomous vehicles and intelligent transport systems.

‘Delegates will hear from speakers who have their finger on the pulse in these areas, and they’ll also participate in business site visits and ambassador briefings.

‘It’s a rare chance to connect with the who’s who of the Australia-Korea business world, all in one place.’

Mr Kim said the joint meeting would also host the inaugural Future Leaders Roundtable for young Australia-Korea business professionals aged 25 to 40.

For all details of the joint meeting, including registration and tickets for the welcome dinner at the Queensland Art Gallery, see the AKBC website.

TIQ is a major sponsor of the joint meeting.

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