Submit your preliminary Expressions of Interest for the South Korean business mission.
Bankstown City Council, in partnership with its counterpart at Canterbury and with the support of the Consulate General of the Republic of Korea, is investigating the feasibility of a business mission to South Korea for a five-day period during October 2014.
The key objective of the proposed mission is to deepen and expand trade and investment relations between local and South Korean businesses by:
- identifying export opportunities;
- providing information on opportunities for direct investment and joint ventures;
- building technical collaboration between local and South Korean businesses, through shared R&D projects, licensing agreements and technology transfer;
- sharing insights into product and process innovation;
- identifying the latest available technologies;
- sharing intelligence on new market opportunities;
- establishing a basis for joint bidding for projects; and
- promoting Bankstown-Canterbury as a place to visit, invest and do business.
The proposed outlay by each local participant is expected to be approximately $2,000 plus airfares, accommodation and hospitality. This will cover the costs of:
- a detailed business matching exercise for each participant;
- a pre-departure briefing featuring experts from Austrade and the South Korean Consulate in Sydney;
- a major business briefing/networking function in Seoul; and
- ground transport in South Korea.
These costs are likely to be eligible for partial reimbursement under Austrade’s Export Market Development Grants Scheme.
The timing of this initiative is regarded as ideal. South Korea is already Australia’s fourth-largest export market, and the two countries have just concluded a Free Trade Agreement which is expected to generate a range of new opportunities. Manufacturing accounts for more than 40% of South Korea’s GDP, which augurs well for potential collaboration with an economy such as Bankstown’s, which also features a strong manufacturing sector.
If interested, please contact Paul Judge, ph. 9707 9261 or email paul.judge@bankstown.nsw.gov.au and we will be in touch with you to discuss this exciting opportunity in more detail.
