AustCham News

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AustCham News 2018-08-02T12:05:08+00:00

AustCham News

Meeting with the Foreign Investment Ombudsman

Chamber meets with newly elected Foreign Investment Ombudsman [17 October 2018] As a part of the Chamber’s advocacy initiatives, AustCham Korea’s Chair, Chris Raciti, sat down with the newly elected Foreign Investment Ombudsman, Kim Sung Jin and representatives from the state-funded trade and investment promotion organisation (KOTRA) to discuss best practices in resolving business related issues. Directly commissioned by President Moon, the Foreign Investment Ombudsman works to resolve various grievances of foreign investors and foreign-invested companies through close cooperation with “home doctors,” who have deep knowledge and expertise in their respective fields of finance, taxation, intellectual property, construction, labor, environment, etc. as well as with investment cooperation officers dispatched from the central and local governments. Working alongside KOTRA and the Foreign Investment Ombudsman, the Chamber encourages Members to contact us for assistance in resolving business related grievances. For more information, please contact Sola Nam, Executive Director of AustCham Korea - Foreign Investment Ombudsman

POSCO Gwangyang Steel Mill Site Tour

POSCO Gwangyang Steel Mill Site Tour  Thursday 30th August, AustCham Korea and extended guests were invited to visit and tour POSCO's steel mill in Gwangyang, South Korea. As Australia's single largest customer in its export market, invitees were able to gain an in-person perspective of the size and magnitude of POSCO's operations. POSCO and Australia share and long lasting and important relationship with POSCO buying 40 million tonnes of iron ore and 14 million tonnes of coal from Australian suppliers to make steel products worth U$3.4 billion.  AustCham Korea would like to thank POSCO for organising the tour and for their constant support of the Chamber and the Australian-Korean business community.  The POSCO Gwangyang Steel Mill: •        Crude steel production of 42.2 million tons. World’ s 5th largest crude steel producer (worldsteel, 2017). •        Gwangyang Works, the world’ s largest integrated steelworks, specializing in automotive steel. •        Selected as ‘Metals Company of the Year’ and No.1 in ‘Steel Industry Leadership’ by S&P Global Platts (2018) •        Rated as No. 1 in ‘World-class steelmaker rankings’ for 9 consecutive years by World Steel Dynamics (2010 - 2018)

Chris Raciti Appointed to the Australia-Korea Foundation Board.

Chris Raciti Appointed to the Australia-Korea Foundation Board. Congratulations to Chris Raciti, AustCham Korea Chairperson and ANZ Korea CEO for his appointment to the Australia-Korea Foundation (AKF) Board. Fellow appointees are appointments of Ms Jacinta Thompson and Dr Ruth Barraclough. Ms Thompson is the Executive Director at the Bob Hawke Prime Ministerial Centre at the University of South Australia. She was formerly the Artistic Director of the OzAsia Festival at Adelaide Festival Centre. She is on the steering committee of Asia Pacific Centre for Arts and Cultural Leadership and a member of the Association for Asia Pacific Performing Arts Centres. Dr Barraclough is an Associate Professor at the College of Asia and the Pacific at the Australian National University. She researches contemporary Korean history, gender studies and literature, and translates Korean literary fiction. Dr Barraclough's second book Factory Girl Literature was translated into Korean in 2017 and spent 20 weeks on the history bestseller list in the Republic of Korea. Full Media Release can be found here.