Discussion on Bilateral Supply Chain Cooperation Measures
The Korea Economic Association held a supply chain subcommittee meeting on the 3rd at the FKI Tower Conference Center in Yeouido, Seoul, connecting the Australian AKBC delegation and Korean businesspeople. AKBC refers to the Australia-Korea Business Council.
The delegation attending this subcommittee to discuss supply chain cooperation between Korea and Australia included Martin Ferguson, Chairman of AKBC; Rowena Smith, CEO of ASM; Daryl Kutsubo, CEO of Arafura; Miriam Stanborough, Director of Pilbara Minerals; and a total of 20 members. On the Korean side, Kim Chang-beom, Executive Vice Chairman of the Korea Economic Association, along with major companies such as LG Energy Solution, LX International, Korea Mining and Resources Corporation, and Korea Institute of Geoscience and Mineral Resources participated.
Executive Vice Chairman Kim said, "Trade between the two countries, centered on critical minerals and energy resources, greatly supports the efforts of both industries toward carbon neutrality," adding, "Since the Free Trade Agreement (FTA) was signed 10 years ago, the two countries have built trust in various fields, and I hope that businesspeople from both countries will work together to shape the next 20 years."
Jeff Robinson, the Australian Ambassador to Korea, who gave the keynote speech, also stated, "As the Australian government recently provides active incentives for local resource development, opportunities for Korean companies to participate will expand," and added, "We hope to maintain a long-term partnership with Korea in the supply chain sector going forward."
Meanwhile, prior to this subcommittee meeting, Ryu Jin, Chairman of the Korea Economic Association, met with Chairman Ferguson to exchange views on cooperation measures between Korean and Australian companies.
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