Report to Parliament Official Mission to Korea, China, Hong Kong, Indonesia and Singapore 20 July – 3 August 2013 The Honourable Tim Nicholls MP Treasurer and Minister for Trade PROGRAM ............................................................................................................................................. 4 KOREA ................................................................................................................................................ 17 KOREAOFFICIAL DELEGATION MEMBERS – KOREA ............................................................ 18 BUSINESS DELEGATION MEMBERS – KOREA ......................................................................... 19 TOUR OF CULTURAL SITES ......................................................................................................... 20 MEETING WITH MR TAE-PYONG CHANG, CHIEF EXECUTIVE OFFICER, AND MR JONG- DAE LEE, VICE PRESIDENT OF THE KOREA RACING AUTHORITY (KRA) ......................... 21 MEETING WITH MR DAE-SEOP CHI, PRESIDENT, SEOUL RACEHORSE OWNERS ASSOCIATION (SROA) ................................................................................................................... 22 MEETING WITH MR JE-YONG PARK, CHIEF EXECUTIVE OFFICER OF KTB PRIVATE EQUITY (KTB PE) AND MR YOUNG-WOOK CHIN, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA FINANCE CORPORATION (KOFC) .......................................................... 23 MEETING WITH MR CHONG-SUK CHOI, CHAIRMAN OF BOARD OF DIRECTORS, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA INVESTMENT CORPORATION (KIC) .................................................................................................................................................. 24 LUNCH MEETING WITH MR HYUNG-KYU KANG, EXECUTIVE VICE PRESIDENT, HEAD OF GLOBAL MARKETING DIVISION, SAMSUNG CONSTRUCTION AND TRADING (SAMSUNG C&T) ............................................................................................................................ 25 MEETING WITH MR EUI-RYUNG LEE, VICE CHAIRMAN, AND MR KI-DUCK PARK, EXECUTIVE DIRECTOR, KOREA ZINC CO LTD ........................................................................ 27 ENERGY AND INFRASTRUCTURE OPPORTUNITIES IN QUEENSLAND SEMINAR ............ 28 MEETING WITH MR YOUNG-SIK KWON, EXECUTIVE VICE PRESIDENT, RESOURCES BUSINESS DIVISION, KOREA GAS CORPORATION (KOGAS) ................................................ 29 QUEENSLAND GOVERNMENT RECEPTION SEOUL ................................................................ 30 BREAKFAST MEETING WITH MR MOON-DUK KIM, CHIEF EXECUTIVE OFFICER, KOREA WESTERN POWER CORPORATION (KOWEPO) ......................................................................... 32 MEETING WITH DR JUNG-SIK KOH, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF KOREA RESOURCES CORPORATION (KORES) ......................................................................... 33 MEETING WITH MR SUNG HWAN MOON, PRESIDENT AND CHIEF EXECUTIVE OFFICER, SAMYANG CORPORATION AND SAMYANG GENEX CORPORATION ................................. 34 DINNER WITH EDUCATION AND MIGRATION INDUSTRY .................................................... 36 MEETING WITH MR YONG-IL LEE, EXECUTIVE VICE PRESIDENT OF POSCO ENGINEERING & CONSTRUCTION (POSCO E&C) .................................................................... 37 CHINA ................................................................................................................................................... 39 OFFICIAL DELEGATION MEMBERS – GUANGZHOU .............................................................. 40 BUSINESS DELEGATION MEMBERS – GUANGZHOU ............................................................. 41 BREAKFAST MEETING WITH KEY CHINESE INVESTORS ..................................................... 43 MEETING WITH MR CHEN GANG, EXECUTIVE VICE, PRESIDENT CHINA SOUTHERN AIRLINES ......................................................................................................................................... 45 QUEENSLAND INVESTMENT SEMINAR ON BUSINESS MIGRATION AND SIGNIFICANT INVESTOR VISAS ............................................................................................................................ 46 DINNER HOSTED BY VICE GOVERNOR OF THE GUANGDONG PROVINCIAL GOVERNMENT ................................................................................................................................ 47 MEETING WITH MR MO BIN, CHIEF EXECUTIVE OFFICER OF COUNTRY GARDEN HOLDINGS COMPANY LTD .......................................................................................................... 48 QUEENSLAND GOVERNMENT RECEPTION GUANGZHOU ................................................... 49 MEETING WITH MR WILLIAM HAN, CHAIRMAN AND OWNER OF WHITE HORSE GROUP AND PARTNERS .............................................................................................................................. 50 HONG KONG ....................................................................................................................................... 51 OFFICIAL DELEGATION MEMBERS – HONG KONG ................................................................ 52 BUSINESS DELEGATION MEMBERS – HONG KONG ............................................................... 53 VISIT TO CULTURAL SITES AND INTEGRATED RESORTS IN MACAU ................................ 55 MEETING WITH MR KAM HING LAM, MANAGING DIRECTOR, CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD (CKI) ................................................................................. 56 LIVE INTERVIEW WITH ANCHORS SUSAN LI AND SALAMAT IN THE BLOOMBERG’S "ASIA EDGE" TV BROADCAST ..................................................................................................... 57 MEETING WITH DR BENNY WU, CHAIRMAN, CHANG YUANG GROUP .............................. 58 QUEENSLAND GOVERNMENT BUSINESS RECEPTION HONG KONG ................................. 59 2 TREASURER INTERVIEWED BY SOUTH CHINA MORNING POST ........................................ 60 MEETING WITH MR DAVID CHIU, CHAIRMAN OF FAR EAST CONSORTIUM INTERNATIONAL LTD (FEC) AND CHAIRMAN OF DORSETT HOSPITALITY INTERNATIONAL ........................................................................................................................... 61 MEETING WITH MR TSANG CHUN-WAH (JOHN), GBM, JP, FINANCIAL SECRETARY OF HONG KONG SAR GOVERNMENT ............................................................................................... 62 MEETING WITH MR KHOON EAN KUOK, CHAIRMAN OF KERRY HOLDINGS LIMITED . 63 INDONESIA ......................................................................................................................................... 64 OFFICIAL DELEGATION MEMBERS – JAKARTA ...................................................................... 65 BUSINESS DELEGATION MEMBERS – JAKARTA ..................................................................... 66 MEETING WITH DR BAYU KRISNAMURTHI, VICE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA ............................................................................................................ 67 MEETING WITH MR IRWAN SJARKAWI, PRESIDENT COMMISSIONER OF PT. BAKRIE & BROTHERS TBK .............................................................................................................................. 68 LUNCH MEETING HOSTED BY ANZ INDONESIA FOLLOWED BY SITE TOUR OF ANZ BUILDING ........................................................................................................................................ 69 MEETING WITH H.E. MR GREG MORIARTY, AUSTRALIAN AMBASSADOR TO INDONESIA, EMBASSY OF AUSTRALIA .................................................................................... 70 QUEENSLAND GOVERNMENT RECEPTION HOSTED BY THE AUSTRALIAN AMBASSADOR TO INDONESIA, H.E. MR GREG MORIARTY .................................................. 71 MEETING WITH MR EMIRSYAH SATAR, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GARUDA INDONESIA .............................................................................................................. 72 SINGAPORE ........................................................................................................................................ 73 OFFICIAL DELEGATION MEMBERS – SINGAPORE ................................................................. 74 BUSINESS DELEGATION MEMBERS – SINGAPORE ................................................................. 75 QUEENSLAND ALUMNI RECEPTION HOSTED BY HIS EXCELLENCY, MR PHILIP GREEN, OAM, HIGH COMMISSIONER TO SINGAPORE .......................................................................... 76 PRIVATE LUNCH HOSTED BY UNITED OVERSEAS BANK AND WITH INVESTORS ......... 77 INVESTMENT ROUNDTABLE WITH ANZ SINGAPORE AND INVESTORS ........................... 78 MEETING WITH MR S ISWARAN, MINISTER, PRIME MINISTER'S OFFICE, SECOND MINISTER FOR HOME AFFAIRS, SECOND MINISTER FOR TRADE AND INDUSTRY ......... 80 PRIVATE DINNER WITH KEY ANZ SINGAPORE INVESTOR CLIENTS ................................. 81 ATTACHMENT 1 – MEDIA RELEASES ......................................................................................... 82 ATTACHMENT 2 – INTERNATIONAL MEDIA ........................................................................... 98 ATTACHMENT 3 – AUSTRALIAN MEDIA ................................................................................. 109 3 PROGRAM The Honourable Tim Nicholls MP, Treasurer and Minister for Trade’s Mission to Seoul, Guangzhou, Hong Kong, Jakarta and Singapore 20 July – 3 August 2013