Victoria's relationship with Korea
The Republic of Korea (South Korea) is a highly industrialised, internationally competitive economy and one of Australia's major trading partners.
Victoria and South Korea share an expanding relationship based on two-way trade in goods and services and strong education and cultural ties, which has strengthened following the opening of a Victorian Government Trade and Investment (VGTI) office in Seoul in 2014.
South Korea is Victoria's ninth largest two-way 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 products and services such as:
- life sciences
- 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 which was established in 1994 and celebrated its 25th year anniversary in 2019, is another feature of the people to people links between Victoria and South Korea.