Australia and Korea

This policy brief draws upon research conducted for the project 'Australia and Korea: Building aSecure and Prosperous Asia,' funded by the Australian Department of Foreign Affairs and Trade(DFAT), Australia-Korea Foundation (AKF) programme, and co-funded by Monash University. Thisproject proudly partners with the Korea Institute for International Economic Policy (KIEP) and theAustralia-Korea Business Council (AKBC).The papers in this publication identify critical issues in Australia...
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This policy brief draws upon research conducted for the project 'Australia and Korea: Building aSecure and Prosperous Asia,' funded by the Australian Department of Foreign Affairs and Trade(DFAT), Australia-Korea Foundation (AKF) programme, and co-funded by Monash University. Thisproject proudly partners with the Korea Institute for International Economic Policy (KIEP) and theAustralia-Korea Business Council (AKBC).The papers in this publication identify critical issues in Australia and Korea's current and futurerelationship. It examines the negotiation of key agreements and bilateral policy cooperation in theIndo-Pacific region. This policy brief delivers diverse perspectives from business, government andacademic analysts and practitioners, debating key economic, political and security issues betweenAustralia and Korea, including critical minerals, hydrogen exports, education services, culturalindustries, international trade, defence procurement, and how these sectoral issues can be furtherintegrated and expanded to build upon the increasingly complex interdependent relationship betweenAustralia and the Republic of Korea.In December 2021, Australia-Korea relations entered a new dynamic phase with the signing of theComprehensive Strategic Partnership (CSP) in Canberra by the Prime Minister of Australia and thePresident of the Republic of Korea. The CSP covers the bilateral partnership, defence and securitycooperation, the Korean Peninsula, and regional and global cooperation. Both the Australian andKorean leaders acknowledged the Australia-Korea Foundation's (AKF) critical role in promotingbilateral partnerships and other collaborations in business, education, academia, arts, culture, andsociety.This project's aim was to identify existing and potential areas for consolidating, extending andadvancing the Australia-Korea partnership. This Policy Brief will be useful to private and public sectorprofessionals, media, civil society actors, Australian and Korean officials, and all policy practitionerswho work in issue areas such as trade, defence, resources, security, education and finance in theIndo-Pacific and beyond. It will be of particular interest to specialists in Australian and Koreancommerce, and foreign, security and defence policy.