Victoria's relationship with Korea
The Republic of Korea (South Korea) is a highly industrialised, internationally competitive economy and one of Australia's major regional partners. Victoria and South Korea share an expanding relationship based on two-way trade in goods and service, and strong education and cultural ties, which has strengthened following the opening of a Victorian Government Trade and Investment (VGTI) in Seoul in 2014.
South Korea is Victoria's ninth largest trading partner and fifth largest merchandise export market. It is also a major market for Victorian aluminium, meat and dairy and is of increasing importance for emerging industries such as energy, health and aged care, tourism and international education. South Korea is one of Victoria's major import sources of refined petroleum and motor vehicles.
Victoria's sister-state relationship with Busan City underpins Victoria's economic and people-to-people links with South Korea. The sister-state relationship was established in 1994 and celebrated its 20thyear anniversary in 2014.
The Hamer Scholarships Program supports Victorians to study Korean in-country and helps to build people-to-people links between the two regions.