South Korea grants to boost engagement

WA businesses are being encouraged to pursue engagement opportunities in South Korea with the Australia-Korea Foundation opening its 2022-23 grant round.

The Foundation is committed to supporting people-to-people and institutional engagement between Australia and Korea and encourages eligible individuals and organisations to apply.

Grant applications for a minimum of $5000 or maximum of $40,000 per year up to three years will be considered, with most grants expected to be between $15,000 and $30,000 per year, depending on the scope of the grant activity and its complexity.

Seoul, South Korea, city skyline at twilight.

The objectives of the Australian-Korea Foundation (AKF) are to:

  • increase public awareness of Australia in Korea, and of Korea in Australia, and the importance of the bilateral relationship
  • develop partnerships in areas of shared interest in the bilateral, regional and global context
  • increase Australians’ capacity to effectively engage with Korea

Key priority areas include:

  • Strategic international relations
  • Trade and commerce relationships
  • Cross cultural collaborations
  • Technological, scientific and education innovation.

Applications for activities that would strengthen cooperation between Australia and Korea to respond to the COVID-19 pandemic would be welcomed.

Generally, the AKF will conduct one major grant round each financial year.

The grant round opened on March 23, 2022, and closes on May 11, with applicants notified of whether they were successful in September.

For more information see here.

At CCIWA’s International Trade and Investment Centre (ITIC) we are here to help businesses reduce the time, cost and risk of going global. Contact the team for a free consultation on (08) 9365 7620 or via [email protected].

We regularly publish updates to subsidies and grants in our Business Pulse e-newsletters. Subscribe here.

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