AustCham Korea

[Member News] PERSOLKELLY Consulting publishes new White Paper In today's BANI world—marked by Brittleness, Anxiety, Nonlinearity, and Incomprehensibility—effective leadership is crucial. Leaders must adapt, foster resilience, and promote open communication within their teams to succeed in an uncertain environment. PERSOLKELLY's latest White Paper, The Power of Radical Candor and Fierce Conversations in Leadership (Issue No. 24), by Sarah Yu explores two powerful leadership frameworks: Radical Candor and Fierce Conversations. Both emphasise the importance of honest, direct communication in building strong, resilient teams. The paper covers: ▪️Shared Principles that drive both frameworks. ▪️Challenges leaders face when applying them. ▪️ Actionable Strategies for implementing these approaches in your team. These frameworks provide leaders with practical tools to navigate complexity and cultivate a culture of trust and accountability. Read the full White Paper to discover how to lead effectively in today’s rapidly changing world: https://lnkd.in/gvHZV6c7

[Member News] ASM receives $5M to support development of alternative rare earth supply chain. AustCham Korea member Australian Strategic Materials (ASM) was recently awarded a A$5 million grant under the Australian Federal Government’s International Partnership in Critical Minerals Program. The funding, announced by Australia’s Minister for Resources the Hon Madeleine King MP, will be used to progress work to identify lower capital and shorter implementation pathways for rare earth production at the company’s Dubbo Project. A media release issued by Minister King, said: “Government support to refine rare earths is important for our sovereign capabilities and will help our trading partners meet their economic, national security and emission reduction commitments.” Once operational, the Dubbo Project will supply rare earth oxides to ASM’s global metals plants – the first of which is built and in production in Ochang, South Korea. The Korean Metals Plant is currently supplying rare earth metals and alloys to a growing number of Korean and international customers. For more information, visit: www.asm-au.com

[Member News] Michael Sharp, WA Investment and Trade Commissioner for North East Asia Michael Sharp is the new Western Australia Investment and Trade Commissioner for North East Asia, working to expand trade and attract investment for Western Australian businesses in Japan and South Korea. With a strong background in governance, strategic policy, and stakeholder engagement, Michael has previously led complex projects at the WA Department of Education, prioritising educational exchange and trade growth. He also possesses deep cultural insights relevant to both Japan and South Korea. Michael holds a Bachelor of Arts in Psychology and Japanese and a Diploma of Education from the The University of Western Australia.

[External Event] Introducing MUANK (University of Melbourne Alumni Network Korea) MUANK is a community that brings together University of Melbourne alumni and students who share experiences or connections to Korea. Their mission is to strengthen and expand this vibrant network, fostering opportunities for personal and professional growth. They are excited to invite you to MUANK’s Christmas Event—an evening of connection, celebration, and networking! Event Details:  Date: Saturday, December 14th  Time: 5:30 PM – 8:30 PM (tentative)  Venue: To be confirmed and shared via email with all attendees this week How to Join: Complete the registration form linked below and finalize payment by 10:00 AM on November 29th to secure your spot. Register Here: https://lnkd.in/gQuv6qjd Don’t miss this opportunity to reconnect and expand your network during the festive season. 

[Upcoming Event] Calling all professionals in the critical minerals, mining, and supply chain industries! AustCham Korea is thrilled to sponsor the Mining & Critical Minerals Korea Conference and Exhibition, the premier event connecting industry leaders across the Asia-Pacific region. 📍 When: 12–13 February 2025 📍 Where: Seoul, South Korea This event is a game-changer for the Australia-Korea partnership in critical minerals—a relationship driving supply chain security, clean energy advancements, and economic growth. Why Attend? 🔑 Strengthen Partnerships: Australia, a global leader in mining and critical minerals, is essential to Korea’s sustainable resource supply, particularly for lithium, nickel, and rare earths—critical for semiconductors, EVs, and battery tech. 🤝 Unmatched Networking: Join 200+ senior executives, policymakers, and industry leaders for discussions on: -Mining investments and exploration -ESG frameworks and sustainable practices -Critical minerals recycling -Cutting-edge technology and innovation 🌏 B2B and B2C Opportunities: For Australian businesses: Showcase your expertise, attract Korean investment, and explore collaborations in advanced manufacturing. For Korean businesses: Connect directly with Australia's world-class resources, sustainable mining solutions, and robust supply chains. 💡 Exclusive Perks for AustCham Members: Enjoy a 15% discount on registration. Don’t miss this chance to engage in impactful conversations and partnerships. 📩 Contact us at events@austchamkorea.org to learn more about how you can participate. 👉 Secure your spot today, register here: https://lnkd.in/gdppCS3U

[New Member] AustCham Korea would like to welcome PWC as our newest Corporate Member. 삼일PwC (PwC Korea) is the Korean member firm of PricewaterhouseCoopers (PwC), a world-leading professional services firm that helps organisations and individuals create the value they are looking for. Samil PwC is the largest professional services firm in Korea and has over 4,100 professionals providing a comprehensive range of business advisory services, including assurance, tax, consulting, and deal services. PwC's offices in Australia and Korea work closely together to position themselves at the heart of Australia-Korea business relationships. With a deep understanding of both markets, future opportunities, and years of experience facilitating cross-border partnerships, they are dedicated to fostering strong connections, enabling seamless collaboration, and driving growth opportunities for their clients. Visit their website: https://lnkd.in/gQgiNDp7

[External Event] Join a Winter Seoulstice! 🌟 The Korea Australia Young Professionals Association (KAYPA) invites you to their special year-end networking event, Winter Seoulstice! 🎉 📅 When: December 13, 6–9 PM 📍 Where: Mapo-gu, Seoul 💵 Cost: ₩40,000 (includes food & drinks) 🎟 RSVP Now: Limited to 40 attendees! Celebrate the season with fellow young professionals over delicious food, refreshing drinks, and engaging conversations. Don’t miss out on this fantastic opportunity to expand your network and wrap up the year in style. ✨ Spots are filling up quickly, so secure yours today! Register link: https://lu.ma/67yijf1p #WinterSeoulstice #KAYPA #NetworkingNight #AustraliaKorea #YoungProfessionals

[News] POSCO International Completes First Gas Processing Facility at Senex Energy's Atlas Field. POSCO International has reached a key milestone with the completion of its first gas processing facility at the Atlas gas field in central Queensland, Australia. The facility's completion marks the start of test operations, a crucial step in the company's plan to significantly boost natural gas production at POSCO's Australian subsidiary, Senex Energy. The ceremony to celebrate the facility's completion on November 24 was attended by several prominent figures, including Federal Senator Susan McDonald, POSCO International President Lee Kye-in, and Hancock Prospecting Executive Chairwoman Gina Rinehart. POSCO International, which holds a 50.1% stake in Senex, aims to increase production from 20 petajoules to 60 petajoules annually, enough to produce about 1.2 million tons of liquefied natural gas (LNG). The new processing facility plays a vital role in this goal by purifying and compressing natural gas for distribution across eastern Australia. With plans to open two more processing facilities in the near future, POSCO aims to further support the growing energy demand in Australia's eastern states. The project is set to contribute to both economic growth and energy security in the region. POSCO's commitment to Senex's development underscores its role in Australia's energy future, helping ensure a stable and sustainable gas supply for years to come. For more: https://lnkd.in/g7r9R2sB

[Member News] Korea Zinc Company, Ltd (고려아연) and Hanwha(한화) to Lead Australia’s Largest Battery Storage Project. Ark Energy Corporation, the Australian arm of Korea Zinc, has teamed up with Hanwha to develop a cutting-edge 2,200 MWh battery energy storage system (BESS) with an 8-hour discharge capacity. Hanwha emerged as the preferred supplier after an intensive, year-long selection process that assessed both domestic and international options against Australia’s stringent standards. The project is part of the Richmond Valley energy initiative in New South Wales (NSW) and aligns with Korea Zinc’s Troika Drive strategy to embrace renewable energy and sustainability. Commissioning is expected to start in 2026. Once operational, this BESS will strengthen grid stability across NSW while supporting the region’s transition to greener energy sources. "The selection of Hanwha as the preferred bidder for the battery supplier signifies that Korea Zinc and Hanwha Group will continue their cooperation in the eco-friendly renewable energy and hydrogen business. It also means that they will jointly target the rapidly growing BESS market in Australia, which is being driven by the government," said a spokesperson from Korea Zinc to Business Korea. For more: https://lnkd.in/giqT5AuG