"The level of economic cooperation between South Korea and India is still very low. Going forward, we will expand that space and make the relationship between South Korea and India completely different from what it is now."
"Supply chain instability and global economic strains, particularly caused by the fallout of the Iran war, made the two countries increasingly important strategic partners."
South Korea and India are strengthening their partnership to secure energy resources and key raw materials. President Lee Jae Myung and Prime Minister Narendra Modi discussed increasing bilateral trade to $50 billion by 2030. They emphasized cooperation in sectors like shipbuilding, artificial intelligence, and defense. South Korea's trade surplus with India was $12.8 billion last year. Lee highlighted the need to enhance economic ties, stating that current cooperation levels are low and expressing a commitment to transforming the relationship.
Read at www.dw.com
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