Trade mission growing opportunities in South Korea

27 April 2023

The energy and resources trade mission being undertaken by Deputy Chief Minister, Nicole Manison has moved onto South Korea with a focus on critical minerals and renewable technologies.

The visit to Seoul follows a series of productive meetings with companies, financiers and government representatives in Tokyo.

The face-to-face engagement will strengthen relationships and grow opportunities for trade with Korea, with the Minister determined to rebuild strong ties.

South Korea is one of the Northern Territory’s major trading partners, but as a country with a huge appetite for technological advancement, there is certainty that this partnership can grow and flourish.

The Northern Territory’s capacity to provide critical minerals for renewable energy, battery storage and high-tech industries is of significant interest in Asia.

The purpose of this trip is to re-establish strong relationships with potential investors into critical minerals developments and the Territory’s energy sector.

Engagements will include direct meetings with potential investors along with facilitated networking events to highlight the opportunities in the Northern Territory.

Quotes attributable to Deputy Chief Minister, Nicole Manison:

“The NT’s message in Tokyo was received with significant interest - we are open for business, committed to facilitating investment and have the resources to provide energy security.

“In South Korea, the opportunity will be taken to deliver the same message and to reset and rebuild our trade relationship with this really important partner.

“This is about bringing new business to the Territory and growing our economy to $40 billion by 2030, while playing a major role in the world’s energy transition.”

 

Northern Territory Government