The offer came from the Financial Services Council, which led a delegation of Australian fund management personnel to Seoul to explore ways to drive trade in financial services.
The free-trade agreement is seen as key to guaranteeing cross-border access for fund managers and may aid talks for Japan to join the proposed Apec passport scheme.
The proposed free trade agreement between Korea and Australia is seen as vital if the Asia Region Funds Passport is to succeed. Digital delivery is a major part of passport discussions.
Apec ministers from Singapore, South Korea, Australia and New Zealand agree to develop a framework to facilitate regional cross-border fund sales in a move that could reshape the industry.