AustCham Korea - September/October 2016 Newsletter

Message from the Chair

We hope you enjoyed the Chuseok break and return to work feeling energised. It is a particularly exciting time for AustCham. Our many upcoming events will provide members the opportunity to stay informed, connected and involved in business life in Korea. This includes our popular series 'Doing Business in Korea' (DBIK). Our next DBIK event on the 29th of September will be part of Foreign Investment Week in Korea (FIW). We look forward to seeing you there.
It's that time of the year so get ready for one of our favourite annual events, the AFL Grand Final. We will celebrate on the 1st of October with all proceeds going to charity. Regardless of your team, we hope you will join us to celebrate in Seoul. Additionally, we have an opportunity to hear inspiring success stories on the 13th of October for our DBIK event 'Success Case Study - Lessons to be learned'. We would also like to thank ANZA and The Kiwi Chamber for the recent event collaboration, 'The Bledisloe Cup'.
Graham Dodds,
The Australian Chamber of Commerce In Korea | AustCham Korea

AustCham Updates

1. Silver Sponsor Lunches
Recently, AustCham has had the pleasure of meeting with all of our silver sponsors. These meetings are an opportunity for AustCham to acknowledge the contributions our sponsors make and to discuss how to further improve our services and engagement with our members. At AustCham we strive to provide the best resources and value to our members and appreciate the input and insight gained from these meetings. We would like to thank KPMG, HSF (Herbert Smith Freehills), Singapore Airlines, POSCO, Millenium Hilton and IRC. Thank you for your partnership.
2. Symposium: Korea and Australia Innovation and Collaboration in the FTA Era
The symposium held by The University of Technology Sydney in collaboration with AustCham Korea on the 2nd September was a successful celebration of of the new era for Australia-Korea relations. In attendance, the acting Ambassador of Australia in Korea Mr. Ravi Kewelram and Korean Minister of Science, ICT and Future Planning Mr. Choi Yang-Hee. With diverse and leading voices from Korean and Australian agricultural, technology and science industries presenting, AustCham Korea is proud to have been part of this event.
3. Bledisloe Cup
We congratulate New Zealand and look forward to next year. The event was a particular success thanks to the fantastic catering by Kiwi-owned MOZZIE restaurant in Itaewon. Held in collaboration with ANZA and The Kiwi Chamber, we were lucky enough to have the Korean National Rugby Team Coaches John Walters and Dion Muir enjoy the event with us. Also in attendance the Australian Ambassador Bill Patterson and New Zealand Ambassador Clare Fearnly. 

To see more photos from the night please visit our Website.

Upcoming Events

Thursday 29 September, 7:30am - 9:00am
As Part of KOTRA's Foreign Investment Week (FIW) 2016, AustCham will be hosting a breakfast seminar with Korea's Foreign Investment Ombudsman, Dr. Jeffrey Kim, who will provide insight into the Foreign Investment Ombudsman System in Korea.
Venue: Grand InterContinental Hotel, Gangnam
Cost: ₩40,000 Members | ₩50,000 Non-Members
Link: FIW 2016: Ombudsman Breakfast
RSVP: Here

Contact: | 02-766-9590
Saturday 1 October, 1pm onwards
Watch the Australian sporting event of the year! Held at 3 Alley in Itaewon - 'the best expat pub in town'. Receive an Aussie Burger and VB included in the entrance fee. The event will be a fun way to celebrate the AFL season amongst friends. There will also be a lucky draw and raffle prizes. This is one of our most popular events, so please book ASAP to before it sells out!
Venue: 3 Alley, Itaewon
Cost: ₩20,000
Link: AFL Grand Final 2016
Contact: | 02-766-9590
Thursday 6th October, 6:30pm - 9:00pm
In collaboration with the British, Canadian, Indian, New Zealand and South African Chambers of Commerce in Korea AustCham invited you to the Grand Hyatt for fine dining, live music and networking. This will be a beautiful venue and a great opportunity to meet a diverse set of professionals.
Venue: Grand Hyatt, Waterfall Garden, Seoul
Cost: ₩65,000 Members | ₩75,000 Non-Members
Link: Commonwealth Chambers Networking
Contact: | 02-766-9590
Save the Date
Thursday 13th October, 7:30am - 9:00am
DBIK: Success Case Study - Lessons to be Learned
AustCham hosts four leading professionals from Thor Limited, Herbert Smith Freehills LLP, Wilson Parking Korea Limited, and Australia and New Zealand Banking Group Limited (ANZ) to share insights, challenges and success stories based on experience of doing business in Korea.
Venue: Grand Hyatt, Seoul (Namsam Room 5)
Cost: ₩40,000 Members | ₩50,000 Non-Members
Contact: | 02-766-9590
17th and 18th of October
37th AKBC/KABC Joint Meeting Reminder
Sponsored by AustCham, the AKBC and KABC invites you to attend the 37th Annual Joint Meeting. The flagship event of the AKBC. It provides a forum for Australian and Korean senior business leaders and influencers to share insights about the growing relationship between the two countries, opportunities for further collaboration and discussion about the increasing significance of our bilateral relationship.
Venue: Conrad Hotel, Seoul
RSVP: AKBC Registration

Business News & Developments

Foreign Investors keep buying in South Korean market  | 20.09.2016                        
 Following Britain's decision to leave the EU sees the continuing trend of foreign investment in Korean markets.

Korean Air early supply of $53 million to Hanjin Shipping to ease cargo disruption  | 19.09.2016                        
Emergency Funds to be provided by the largest shareholder of Hanjin Shipping sooner than expected to alleviate disruptions.

Samsung's Galaxy Note7 Recall receives positive reviews  | 19.09.2016                      
Increasing media support for Samsung's Galaxy Note7 recall and claims that damage to the reputation of the company will be short lived.
Hanjin Shipping collapse leaves freight stranded, portends weakening global economy  | 05.09.2016                        
Hanjin - the seventh biggest shipping company in the world, entered into receivership at the end of August. This crisis has triggered global economic repercussions.
Stories from around the web concerning Australian tech.
Following a clampdown on overseas resource projects, South Korean has virtually pulled out of overseas resource exploration. The current Park Geun-hye government has been distancing itself from former administration policy.
The state run KDB has sold its foreign currency-denominated bonds at the cheapest ever borrowing costs amongst Korean public and private companies. Korean bonds ' yields are now set at lower levels than those of bonds issued by Australia.

All these stories & more available at: 

Events Calendar

October 1
AFL Grand Final
October 13
DBIK - Lessons to be Learned
October 17 & 18
37th Annual AKBC/KABC Joint Meeting

Past Events

Bledisloe Cup 
27 August
Click here for details and photos.
Symposium: Australia-Korea Innovation and Collaboration in the FTA era
2 September
Click here for resources and photos.

Office News & Promotions

Acting Ambassador
AustCham wishes Mr. Ravi Kewelram all the best in fulfilling his role as Acting Ambassador.
Special Promotion
To see this month's flight specials and promotions from Singapore Airlines, click the link below:

Click Here
AustCham Korea 2016 Sponsors
Copyright © 2016 The Australian Chamber of Commerce in Korea, All rights reserved.

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