Australia–South Korea relations

Last updated

Australia–South Korea relations
South Korea Australia Locator.png
Flag of Australia (converted).svg
Australia
Flag of South Korea.svg
South Korea
Diplomatic mission
Embassy of Australia, Seoul Embassy of South Korea, Canberra
Envoy
Ambassador Catherine RaperAmbassador
Lee Jong-sup

Bilateral relations exist between Australia and South Korea. Both countries established diplomatic relations in May 1963.

Contents

Australia and South Korea are trading partners in the Asia Pacific region. South Korea and Australia have a relationship that has reached very high ground in the last few years. South Korea has an embassy in Canberra and Australia has an embassy in Seoul.

Relations have expanded beyond economic and commercial links to other spheres, including tourism, culture, technology, AI, defense and scientific cooperation.

According to a 2017 BBC World Service Poll, 61% of Australians view South Korea's influence positively, and with 24% view of negatively, making Australia the most pro-South Korean nation in the world.

Australia maintains an embassy in Seoul. South Korea is also maintains an embassy in Canberra.

Relations between 1884 and 1950

Prior to the 1950s, the two nations had relatively little contact with one another.

The Korean War

When the outbreak of the Korean War had reached across the globe, Australia quickly hurried to aid South Korea. The United States of America helped the Australians and the South Koreans in the war. Australia sent 17,000 troops to South Korea. Robert Menzies was Prime Minister at the time. In 1953 Australian troops pulled out of Korea by ceasefire agreement.

Economic relations

Monthly value of Australian merchandise exports to South Korea (A$ millions) since 1988 ABS-5368.0-InternationalTradeInGoodsServicesAustralia-MerchandiseExportsCountryCountryGroupsFobValue-KoreaRepublic-A1829106L.svg
Monthly value of Australian merchandise exports to South Korea (A$ millions) since 1988
Monthly value of South Korean merchandise exports to Australia (A$ millions) since 1988 ABS-5439.0-InternationalMerchandiseImportsAustralia-CountryCountryGroupsCustomsValue-KoreaRepublic-A1829422R.svg
Monthly value of South Korean merchandise exports to Australia (A$ millions) since 1988

South Korea and Australian relations are strong and are continuing to grow. Today South Korea and Australia share a very friendly and healthy relationship. Both are members of Asia Pacific Economic Cooperation. In 2000 Kim Dae Jung came to Canberra. In 2009 Korean President Lee Myung Bak visited Kevin Rudd in Canberra. The outcome of the meeting was very positive, with Australia and South Korea officially declaring a security pact, similar to that already in place between Australia and Japan. They discussed future cooperation and a Free Trade Agreement.

On December 12, 2014, Korea-Australia FTA was signed. And South Korea and Australia also agreed on currency swaps. [1] [2]

On September 23, 2019, Korea and Australia held a meeting of the heads of international finance and agreed to expand economic and financial cooperation.

Investment

South Korea's investment in Australia nearly tripled to $8.3 billion in 2011 to $19.4 billion in 2021. Australia's total investment in South Korea in 2021 was $17.6 billion. [3]

MIKTA

Australia and South Korea are intensifying cooperation and exchanges in MIKTA, a national consultative body composed of Mexico, Indonesia, South Korea, Turkey, and Australia.

Korean Australian

Korean Australian is a person who has migrated from South Korea to Australia. Today Australia has the sixth biggest Korean community outside of Korea. Korean Australians number about 150,873 persons of Korean origin. The migration began in the 1970s and is still continuing the growth. In Australia according to MOFAT statistics 3348 Korean adoptees live in Australia. Since the late 1980s many Korean Australians come in under the business category required for economic growth. The Korean Australian population is a young population. There are also many Koreans studying in Australian Universities and schools. There are Korean populations in all capital cities. Most Koreans in Australia live in Sydney and Melbourne. Koreans in Australia have reached high standards in schooling, work and sport in Australia. AFL player Peter F. Bell who played for Fremantle Football Club and North Melbourne Football Club is of Korean origin.

See also

Related Research Articles

<span class="mw-page-title-main">Foreign relations of South Korea</span> International relations of the East Asian nation

South Korea maintains diplomatic relations with 191 countries. The country has also been a member of the United Nations since 1991, when it became a member state at the same time as North Korea. South Korea has also hosted major international events such as the 1988 Summer Olympics and 2002 World Cup Football Tournament and the 2011 IAAF World Championships Daegu South Korea. Furthermore, South Korea had hosted the 2018 Winter Olympics which took place in Pyeongchang, South Korea from 9 to 25 February.

<span class="mw-page-title-main">Australia–Greece relations</span> Bilateral relations

Foreign relations exist between Australia and Greece. Relations between the two states are close: the countries were allies during both World Wars and the Korean War. During World War II, Australian forces took part in the Battle of Greece and the Battle of Crete. There is a large Greek community in Australia. Each country has an embassy in the other's capital. Greece also has consulates general in Sydney, Melbourne and Adelaide, as well as a consulate in Perth, honorary consulates general in Brisbane and Darwin, and honorary consulates in Newcastle and Hobart. Both countries are full members of the Organisation for Economic Co-operation and Development.

<span class="mw-page-title-main">Fiji–South Korea relations</span> Bilateral relations

Fiji and South Korea established official diplomatic relations in January 1971, Korea having recognised Fiji's accession to independence the previous year. There is a South Korean embassy in Suva and a Fijian embassy in Seoul. Fiji opened its embassy in Seoul in July 2012 to "foster trade and investment" and to "promote people-to-people exchanges".

<span class="mw-page-title-main">Free trade agreements of New Zealand</span>

New Zealand is party to several free trade agreements (FTAs) worldwide.

<span class="mw-page-title-main">Kazakhstan–South Korea relations</span> Bilateral relations

Kazakhstan–South Korea relations are the international relations between Kazakhstan and the South Korea.

<span class="mw-page-title-main">Australia–Chile relations</span> Bilateral relations

Australia and Chile enjoy friendly relations, the importance of which centers on the history of Chilean immigration to Australia. In 2016, over 26,000 Chilean-born people lived in Australia. Chile is geographically the closest country in the Americas to Australia, and both administer several islands in the South Pacific. The two nations are members of the Asia-Pacific Economic Cooperation, Cairns Group and the OECD.

<span class="mw-page-title-main">Mexico–South Korea relations</span> Bilateral relations

Mexico–South Korea relations are the bilateral relations between Mexico and South Korea. There are an estimated 15,000 Koreans and Mexicans of Korean descent living in Mexico. Both nations are members of the Asia-Pacific Economic Cooperation, G-20 major economies, Organisation for Economic Co-operation and Development and the United Nations.

<span class="mw-page-title-main">Cambodia–South Korea relations</span> Bilateral relations

Cambodia–South Korea relations are foreign relations between Cambodia and South Korea. South Korea has an embassy in Phnom Penh and Cambodia has an embassy in Seoul.

<span class="mw-page-title-main">South Korea–United Kingdom relations</span> Bilateral relations

The relationship between the Republic of Korea and the United Kingdom of Great Britain and Northern Ireland spans from the 19th century to the present day. Although the Republic of Korea gives 18 January 1949 as the date of the establishment of formal relations with the United Kingdom, diplomatic ties go back to the United Kingdom–Korea Treaty of 1883. British military participation in the Korean War during the 1950s was significant, but relations between the two countries at the time were described as "tenuous", with relatively little known about each other. Commercial and trade relationships grew rapidly during the 1970s. During the Asian Financial Crisis in the late 1990s, Queen Elizabeth II made a state visit to South Korea, which was well received at a time of crisis in the country. Today, there are strong economic and diplomatic links between the two countries.

<span class="mw-page-title-main">Pakistan–South Korea relations</span> Bilateral relations

Pakistan–South Korea relations refers to bilateral diplomatic relationship between Pakistan and South Korea. Since the 1980s, the relations between the two Asian states have improved and periodically enhanced. Pakistan has an embassy in Seoul, South Korea, and South Korea has an embassy in Islamabad, Pakistan. Pakistan is one of the few countries that has good relations with both North Korea and South Korea.

<span class="mw-page-title-main">South Korea–European Union relations</span> Bilateral relations

The European Union (EU) and South Korea are important trade partners: As of April 2023, Korea is the EU's third-largest importer. Excluding European countries, Korea has secured the third place on the list, following China and the United States. And the EU is Korea's third largest export destination. The two have signed a free trade agreement which came into effect at end of 2011. Furthermore, South Korea is the only country in the world with the three agreements covering economics, politics and security in effect as of 2020.

The China–Japan-South Korea Free Trade Agreement is a proposed free trade agreement between China, Japan and South Korea. The China-Japan-South Korea Free Trade Agreement was proposed in 2002. Negotiations on the agreement were set in motion in 2012. The three nations make up to 19.6% of the world's economy. The first official talks on the matter were held in Seoul from 26–28 March 2013. Further talks were held in China and Japan throughout 2013, and more were scheduled for early 2014. Two-way trade between South Korea and China was totaled at $230 billion in 2013.

This article is intended to give an overview of the trade policy of South Korea. In 1945 Korea was liberated from the Empire of Japan at the end of World War II. A destructive drought in 1958 forced Korea to import large amounts of food grains. In 1950, the Korean war broke out, which destroyed more than two-thirds of the nation's production facilities and most of its infrastructure. Trade policy of South Korea has taken many shifts, from import substitution to globalization and there has been significant impact on the economy for the same.

<span class="mw-page-title-main">Colombia–South Korea relations</span> Bilateral relations

Colombia–South Korea relations are the bilateral relations between Colombia and South Korea. Colombian troops arrived in Korea in 1951 as part of UN Forces, but direct diplomatic relations were not established until March 1962.

<span class="mw-page-title-main">Brazil–South Korea relations</span> Bilateral relations

Brazil–South Korea relations are the diplomatic relations between the Federative Republic of Brazil and the Republic of Korea. Both nations are members of the G20 and the United Nations.

<span class="mw-page-title-main">Australia–Korea Free Trade Agreement</span>

The Korea–Australia Free Trade Agreement (KAFTA) is a bilateral agreement seeking to reduce trade and investment barriers between Australia and South Korea. The agreement, which came into effect on the 12th of December 2014 provides Australian goods exporters, service providers and investors with significantly improved access to the South Korean market. The trade agreement stems from decades of bilateral relations, encompassing security, trade and diplomatic ties from 1962, when then President Park Chung-Hee introduced a series of five-year plans designed to spur globalisation efforts and industrial development in Korea following the end of the Korean War.

<span class="mw-page-title-main">South Korea–Turkey relations</span> Bilateral relations

South Korean–Turkish relations are the foreign relations between South Korea and Turkey. The Turkish embassy is in Seoul, while the South Korean embassy in Ankara and a consulate-general in Istanbul. Both countries are members of the G20.

<span class="mw-page-title-main">Australia–Spain relations</span> Bilateral relations

Diplomatic relations exist between Australia and Spain. In the 2016 Australian Census, 120,952 Australian residents claimed Spanish descent, while 15,391 indicated they were born in Spain. Both nations are members of the Organisation for Economic Co-operation and Development.

<span class="mw-page-title-main">South Korea–Spain relations</span> Bilateral relations

South Korea–Spain relations are the bilateral and diplomatic relations between these two countries. Spain has an embassy in Seoul. South Korea has an embassy in Madrid and a consulate general in Barcelona and Las Palmas de Gran Canaria. Relationships are good and friendly.

<span class="mw-page-title-main">South Korea–Uzbekistan relations</span> Diplomatic relations between South Korea and the Republic of Uzbekistan

South Korea-Uzbekistan relations are the international relations between South Korea and Uzbekistan.

References

  1. Korea, Australia officially sign FTA
  2. S. Korea, Australia to support cooperation over currency swap - Yonhap News Agency
  3. "Republic of Korea (South Korea)". Department of Foreign Affairs and Trade (Australia) .