"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."
"Discussions on the table between Lee and Modi are expected to include closer cooperation in artificial intelligence, finance and defense."
"Supply chain instability and global economic strains, particularly caused by the fallout of the Iran war, made the two countries increasingly important strategic partners."
"Shipbuilding is likely to emerge as an area for greater cooperation between the two countries as New Delhi looks to create more jobs, and Seoul leverages its industrial strengths."
President Lee Jae Myung's visit to India focuses on strengthening economic cooperation. The goal is to double bilateral trade to $50 billion by 2030. Discussions will include collaboration in artificial intelligence, finance, and defense. South Korea's trade surplus with India was $12.8 billion last year. Lee emphasized the importance of the partnership due to global economic strains and supply chain instability. Shipbuilding is identified as a potential area for increased cooperation, benefiting both countries' economic interests.
Read at www.dw.com
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