Australia-Korea Foundation

Australia-Korea Foundation Strategic Plan 2009-12

Preamble

Australia has important geopolitical and economic interests in Korea which need to be sustained by a closer relationship that promotes an increased awareness of Australia in Korea and Korea in Australia. This requires a widening and deepening of the areas of contact and exchange between the two countries and their peoples. The Australia-Korea Foundation was established to support the exchange and dissemination of information, and to provide a source of advice and strategic guidance, in relation to the ways in which such relations may be encouraged, strengthened and developed. Much has been accomplished since its establishment in 1992 but much also remains to be done to develop the relationship to a level which matches its strategic importance.

Australia-Korea Foundation Strategic Plan 2009-12

Vision

To achieve enhanced awareness and understanding in Australia and Korea of the importance and mutual benefits of the bilateral relationship

Mission

To strengthen the Australia-Korea relationship in ways that support Australia’s foreign and trade policy interests

Key priority areas

Goals

Guiding principles

Performance

Opportunities and challenges

The AKF is the Government’s key public diplomacy program for strengthening the Australia-Korea relationship in ways that support Australia’s foreign and trade policy interests. The agenda for this program continues to expand. Over the next few years, Australia is strongly committed to concluding a comprehensive Free Trade Agreement (FTA) with Korea. Security cooperation is another fast growing element of the relationship as well as working together on global issues such as climate change.

Although the bilateral trade relationship has been strong for decades, in recent years the growth in services trade, driven by education and tourism, has required greater cultural awareness and understanding between the people’s of our two countries than the traditional trade in commodities and agricultural products.

However, Australia competes for attention with the rest of the world in Korea, not only in trade but also in higher education, the arts and culture. Much of the AKF’s efforts, therefore, will be directed towards increasing the prominence of Australia in Korea and building the capacity of Australians to establish and maintain enduring links with their Korean counterparts.

Diminished capacity for the Government to influence Korean opinion in support of Australian objectives, bilaterally and in relation to regional and global issues would result from any reduction in funding levels to the AKF. In addition, significant movements in the value of the Australian dollar may impact on delivery of AKF projects in Korea, and is a major risk requiring careful monitoring.