Sister-state relationships include those between Queensland and Gyeonggi Province, New South Wales and Seoul, South Australia and Chungnam Province, Tasmania and Jeju and Victoria and Busan. ROK investment into Australia has risen from $5 billion in 2006 to $31.4 billion in 2019 but the ROK still only ranks as Australia's 16th-largest foreign investor, representing 0.8 per cent of Australia's total foreign investment stock. The ROK has also made explicit their intentions to evaluate opportunities for commercial hydrogen production and export by 2030. Australian artists, performers and cultural institutions are building links with ROK partners, recognising the strong, distinctly Korean contributions being made to worldwide culture by ROK artists building on their rich cultural heritage and using traditional methods and sophisticated technology. Democratic People's Republic of Korea. POSCO, a ROK-owned steel-making company, is a significant investor with investments totaling $2.2 billion across over 10 projects, including a 12.5 per cent share in the $6 billion iron ore project at Roy Hill in Western Australia, coal and a lithium mine. As of 1 January 2021, the population of Republic of Korea was estimated to be 51,495,409 people. Since the 1960s, South Korea has achieved an incredible record of growth and global integration to become a high-tech industrialised economy. In 2016, it acquired a $500 million share in a 50-year lease of the Port of Melbourne. South Korea and North Korea are technically at war. What is economic and commercial diplomacy? SK E&S has acquired a 37.5 per cent share in the Barossa-Caldita LNG field for $608m from ConocoPhillips. People-to-people links have also been fostered through sister-city relationships, such as those between Townsville, QLD and Suwon; Parramatta, NSW and Jung-gu; Burwood, NSW and Geumcheon-gu; and most recently Strathfield, NSW and Gapyeong County. Barton ACT 0221 Australia, Phone: +61 2 6261 1111 On 8 April 2014 then-Prime Minister Tony Abbott met then-President Park Geun-hye in Seoul, where they discussed regional and global security issues and agreed to a vision statement for a secure, peaceful and prosperous future between the ROK and Australia. This investment is beginning to diversify into areas such as tourism and real estate, from a dominant focus on the resources, energy and electronics sectors. » Republic of Korea This is the Republic of Korea Post Code page. Republic of Korea Phone: +82-2-6958-4103 (Office of Secretary-General) +82-2-6958-4125 (International Relations Team) Fax: +82-2-6958-4258 (Office of Secretary-General) +82-2-6958-4252 (International Relations Team) Email: kocom(a)unesco.or.kr Website: http://www.eng.unesco.or.kr The most recent National Assembly election was held on 15 April 2020, where the Minjoo Party won and gained a majority. On 10 May 2017, Moon Jae-in of the Minjoo Party was inaugurated as the 19th President of the ROK, following an election to replace his predecessor Park Geun-hye, who was impeached by the National Assembly and removed from office. Where and how Australia provides emergency assistance. Australian investment into the ROK was $22.7 billion in 2019, making it the 15th-largest destination for Australia's stock of foreign investment abroad. Australia and the ROK have also cooperated under the multinational Proliferation Security Initiative (PSI) since the ROK joined the PSI in 2009. In 1945, after the Japanese surrender at the end of World War II, Korea was divided into two zones, with the north occupied by the Soviet Union and the south occupied by the United States. On 11 September 2015, then-Foreign Minister Julie Bishop and then-Defence Minister Kevin Andrews hosted their then-counterparts Foreign Minister Yun Byung-se, and Minister for National Defense Han Min-koo, at the second 2+2 Foreign and Defence Minister's Meeting in Sydney. By virtue of geography and economic influence, China, the United States, Japan and Russia remain the most important foreign policy priorities for the ROK, alongside its focus on the DPRK. The president is limited to serving a single five-year term. Korea Zinc, the world’s top zinc smelter, is also planning on a major expansion of its zinc smelting operations based in Queensland (through a subsidiary), committing over $300 million in ongoing capital investment. Article 2 1. South Korea is officially known as The Republic of Korea and is located in the southern part of the Korea peninsula, which neighbors China to the west, Japan to the east, and North Korea to the north. Australia's security cooperation with the ROK continues to expand in practical ways. The ROK is the fifth-largest group of working holiday-makers and ninth-largest market of short-term visitors to Australia. In 2019, the ROK was the 12th-largest economy on a nominal GDP (USD) basis or the 30th-largest economy on a nominal per capita basis. In May 2019, Her Excellency, Pi Woo-Jin, ROK Minister of Patriots and Veterans Affairs, visited Melbourne for the unveiling ceremony of the Korean War Memorial in Quarry Park, Footscray. The Republic of Korea is a country with an approximate geographical area of 99,500 square kilometres and a population of 47.8 million people (WHO, 2005). Unresolved tensions created by the division led to the Korean War of 1950-1953, sparked by a DPRK invasion of the ROK. Hanwha Corporation has invested $25 million to acquire a cattle farm in NSW in 2019, while Lotte International has acquired a large Queensland cattle farm. The Republic of Korea (South Korea) occupies the southern part of the Korean Peninsula that projects to within 120 mi (193 km) of the principal Japanese islands of Honshs and Kysshs on the southeast. In 1948, new governments were established in each occupied zone — the ROK in the south and the Democratic People's Republic of Korea (DPRK) in the north. Then-Prime Minister Tony Abbott met then-President Park Geun-hye during a visit to Seoul in 2014 where they agreed to a vision statement for a secure, peaceful and prosperous future between the ROK and Australia. Five pillars of the Economic and Commercial Diplomacy Agenda, How the Economic and Commercial Diplomacy Agenda will operate in practice, Economic and commercial diplomacy in action, Quality assurance of performance reporting, Financing the Sustainable Development Goals, Australian Cultural Diplomacy Grants Program, Aboriginal and Torres Strait Islander Program, Council for Australian-Arab Relations (CAAR), Council on Australia Latin America Relations (COALAR), Visas for Australians travelling overseas, Commonwealth of the Northern Mariana Islands, Democratic People's Republic of Korea (North Korea), Joint Statement: Australia-Republic of Korea Foreign and Defence Ministers’ 2+2 Meeting 2019, Joint Statement: Republic of Korea-Australia Foreign and Defence Ministers 2+2 Meeting 2017, Blueprint for Defence and Security Cooperation between Australia and the Republic of Korea 2015, Vision statement for a secure, peaceful and prosperous future between the Republic of Korea and Australia 2014, Memorandum of Understanding (MOU) on Development Cooperation between Australia and the Republic of Korea 2009, South Georgia and the South Sandwich Island, Republic of Korea country/economy fact sheet [PDF], Republic of Korea (Korea, South) market insights, Read the travel advice for Republic of Korea (South Korea), Australian Embassy in the Republic of Korea website, Australian Consulate in Pusan, Korea, Republic of, Consulate-General of the Republic of Korea, Minister for Trade, Tourism and Investment, Minister for International Development and the Pacific, Minister Assisting the Minister for Trade and Investment, Trade & investment data, information & publications, For how we can help Australians overseas, see the.
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