Welcome to the Website of the Korea New Zealand Business Council
The Korea New Zealand Business Council is a voluntary group of New Zealand companies, organisations and Government Agencies involved in promoting increased business between Korea and New Zealand. It provides information, useful networking opportunities for members and a forum for information and discussion of issues relevant to the commercial relationship between the two countries.
The Council is an incorporated society. Its affairs are directed by an elected Executive Committee, and administered on a day-to-day basis by a part-time executive Director.
In this space we will provide more indepth profiles of our members on a rotating basis.
New Zealand has the largest commercially farmed deer population in the world. At just over one million deer, farmed in a natural, free range environment, the NZ industry is well positioned within the health conscious and discerning Korean market. The NZ deer industry - based on venison exports to Europe and North America – has strict quality control programs to ensure product confidence throughout the supply chain.
Velvet antler is another important sector of the industry, growing with the economic rise of Korea in the 1970’s. Today, DINZ estimates that around $20m (FOB) of NZ deer velvet is consumed in Korea as the single biggest market for the $30m NZ velvet industry. Historically used in traditional oriental medicine, the market is undergoing a rapid change with the emergence of velvet being used as an ingredient in healthy foods. Large and progressive Korean companies are turning to NZ velvet as an ingredient in their novel healthy food products. Compared with velvet produced from other countries, companies are keen to use NZ velvet due to the natural way it is grown and strict quality control systems providing more safety around using an ingredient which minimises risk to their corporate brand.
Complete trade liberalisation achieved through a NZ Korea FTA will continue to enhance the opportunities created in this exciting and emerging Korean healthy food market.
To access these daily news links, you need to become a KNZBC member. Join KNZBC >
- Prosecutors raid POSCO unit in corruption probe
- Park, Obama likely to meet April 25
- Korean Carmakers Bet on Mideast Market
- Cars on Korean Roads to Exceed 20 Million This Year