On Wednesday, October 20, 2021, AustCham representatives attended the Seoul International Aerospace and Defence Exhibition (ADEX) 2021.

Seoul ADEX 2021 was held as a hybrid event from 19 to 22 October 2021, with Australia exhibiting both onsite at the Seoul Airport and with a delegation from Australia joining online. It was great to also see participation from key industry players, such as Hanhwa Defense (find out more about their work in the Australia-Korea corridor in this interview with HDA Managing Director Richard Cho), and AustCham Korea members, such as Lockheed Martin.

In partnership with Austrade, three state governments and supported by Global Business and Talent Attraction Taskforce (Department of Home Affairs) Australian presence at Seoul ADEX 2021 included 11 companies representing the breadth of Australian capability in the defence, advanced manufacturing and space sectors. The online partnering program and an Australian-focus seminar program will also provide an exciting opportunity for Korean industry representatives to meet with Australian delegates and explore collaboration opportunities with the Australian defence industry.

Australia and Korea celebrate 60 years of diplomatic relations in 2021, both Austrade and AustCham continue our long-term commitment to strengthening Australia – Korea Defence and R&D partnerships and generating business opportunities in the coming years. We look forward to working with you to building closer ties between Australia and Korea in this critical sector.

The Australian Government is investing $270 billion over 10 years, in modernising Australia’s defence capability, securing the nation while strengthening its sovereign defence industry. This expenditure includes investment into key programs across all five domains: sea; land; air; space; cyber.
Designed to power expertise and innovation, this investment places Australia’s defence industry in a strong position to export cutting-edge products, technologies and services, in turn, encouraging domestic and global investment.

While Covid-19 has had some impact on the defence industry, it has exhibited resilience, with revenue projected to rise at an annualised 3.5% over the five years through 2024-25, to total A$45.9 billion.

Australia’s defence industry enjoys considerable success internationally. Analysis suggests that Australia’s defence industry is currently achieving in the order of A$2.7-5.3 billion in defence exports a year. The Defence Export Strategy, for which the Australian Trade and Investment Commission (Austrade) is a key delivery agency, seeks to expand that footprint and achieve the following five objectives by 2028: strengthen the partnership between the Australian Government and industry to pursue defence export opportunities sustain Australia’s defence industrial capabilities across peaks and troughs in domestic demand enable greater innovation and productivity in Australia’s defence industry to deliver world-leading Defence capabilities maintain the capability edge of the Australian Defence Force and leverage Defence capability development for export opportunities

Click here to download the 호주사절단_ADEX 2021_브로셔_211018-2 brochure

Photo credit: Austrade