Seoul | South Korean companies are increasingly wary of investing directly in Australian resource projects following a slew of regulatory setbacks and “spurious” delays.
Australian Chamber of Commerce in Korea chairman Ross Gregory said South Korean investors were for the first time perceiving a sovereign risk element on investing in Australia.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
