finance - 한-호주 퇴직연금 포럼_책자(최종).pdf - 5
Australia's mature financial sector has estimated assets of around
US$6.3trillion. over four-and-a-half times the country's nominal GDP as at
June 2018. On average, the sector has grown 9.4 per cent a year over
the past two decades. well above the average nominal GDP growth rate
of 5.9 per cent. The strength of the financial services industry means it is
Australia's largest contributor to gross value added. one of its highest
growth sectors and a significant source of capital.
Financial services trade between Australia and Korea represents significant
potential for future growth and will provide the foundation for a more
diverse bilateral trade relationship. Under the Korea Australia Free Trade
Agreement, Australian financial service providers have been awarded with
'the best treatment Korea has agreed with any trading partner on par
with its agreements with the United States and Europe'.
I trust by the end of today's forum you will have a greater
understanding of the foundations of the Australian superannuation system
and how it can be a positive influence on the future of Korea's retirement
pension.
Thank you and enjoy the afternoon.