Australia to profit from South Korea's 'hydrogen revolution'
Since the South Korea-Australia Free Trade Agreement went into force in 2014, Australian exports to South Korea have increased by almost a quarter to $24 billion in 2018.
Australia stands to benefit from South Korea's ambitions to become a "hydrogen-powered society," and its ongoing efforts to diversify trade away from China, a bilateral meeting of business leaders has heard.
Macquarie Capital resources executive Kate Vidgen said South Korea was more advanced than "almost any other country" on hydrogen, and had complementary skills with Australia as both countries sought out the "versatile" energy source to decarbonise their economies.
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Bo Seo is a journalist for The Australian Financial Review based in the Sydney office. Email Bo at bo.seo@afr.com.au
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