AFTAK

AcronymDefinition
AFTAKAssociation of Foreign Trading Agents of Korea (Seoul, Korea)
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AUSTRALIA'S MAJOR EXPORT ITEMS TO KOREA Petroleum $1480m Metalliferous ores and scrap $1315m Coal $1201m Non-ferrous metal $852m Gold $755m Textile fibres $505m Meat $302m Road vehicles $174m Power-generating equipment $167m Confidential items $1236m Source: Austrade KOREA'S IMPORT COMPOSITION 2000 Raw Materials 35.2% Capital Goods 39.9% Consumer Goods 9.2% Petroleum 15.7% Source: AFTAK Note: Table made from pie chart.
Established in 1970 with the approval of the Korean Government, AFTAK is comprised of a group of commission agents representing overseas manufacturers and suppliers.
Currently over 83 per cent of Korea's total imports are handled by AFTAK.