South Korean investors target Australia in offshore push

SYDNEY – The foreign direct investment flow from South Korea into Australia is set to hit a record high in 2013, with institutional investors in Australia’s fourth largest trade market buoyed by a desire for core property and infrastructure assets, according to Andrew Cannane, GM-Corporte Clients with The Trust Company. He is tipping South Korean investment in foreign infrastructure and property offshore to exceed $5 billion in 2013,  including more than $1 billion to Australia.