Korea emerging as key player

KOREA is Queensland’s third largest export market with merchandise exports in 2007-08 totalling $3.72 billion.

While traditional exports from the resource sector account for more than half of Queensland’s exports to Korea, it is emerging as a strong export partner across a broad spectrum of industries, from food to clean technologies and education.

Potential also exists for Queensland companies in Korea’s growing marine sector. A number of nationwide marina development projects are in the planning stages, which offers business opportunities in marina design, recreational boat and motor cruiser, parts and components sales, yacht academy training and management. This is an area Trade Queensland is focusing on to maximise opportunities for the Queensland marine industry.

Trade Queensland is also targeting other key export growth areas such as creative industries, education and training, equine services, processed and functional foods and sport business, including infrastructure.

Subscribe Now!
Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Bonza fleet grounded until at least 8 May, most employees stood down

Bonza fleet grounded until at least 8 May, most employees stood down

Administrators for Bonza have confirmed the budget airline's fl...

Weaker consumer spending takes its toll on Bapcor as shares slump 29pc

Weaker consumer spending takes its toll on Bapcor as shares slump 29pc

A tough retail market looks set to impact second-half earnings for ...

Cobram Estate’s new $35m processing mill capitalising on global shortage of olive oil

Cobram Estate’s new $35m processing mill capitalising on global shortage of olive oil

Cobram Estate Olives (ASX: CBO) has officially opened its new $35 m...

Retail Food Group to settle Michel's Patisserie class action

Retail Food Group to settle Michel's Patisserie class action

Gold Coast-headquartered Retail Food Group (ASX: RFG) has agreed to...