Summary:

During discussions in New Delhi, South Korean President Lee Jae Myung and Prime Minister Narendra Modi presented a plan to transform India-South Korea relations into a "futuristic partnership." Noting the strengthening of bilateral relations over the previous ten years, both leaders emphasized shared democratic ideals, market economies, and an Indo-Pacific vision. The visit, which was the first by a South Korean president in eight years, was hailed as a turning point in strengthening economic and strategic cooperation in areas including talent, technology, energy, and the environment.

The objective to increase bilateral trade from Rs. 2.51 lakh crore (US$27 billion) to Rs. 4.65 lakh crore (US$50 billion) by 2030 was a significant result that demonstrated increased economic involvement and aspirations for mutual growth.

Source: IBEF

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