India-south Korea

India, Korea to explore joint initiatives in electronics and EV components

India and Korea have agreed to explore joint initiatives in electronics and electric vehicle (EV) components, and digital supply chains, the commerce ministry said on Friday. It was discussed between the Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo. "In discussions...the focus areas included collaboration in manufacturing, digital technologies and clean technologies. The two sides agreed to explore joint initiatives in electronics, EV components, and trusted digital supply chains," it said. He also held bilateral meetings with ministers from Japan, South Africa, the Netherlands and discussed ways to boost trade and investments. The meeting was held on the sidelines of the G20 Trade and Investment Ministers' Meeting (TIMM) in Gqeberha, South Africa. In the discussions on the WTO (World Trade Organisation), Prasada called for the restoration of a fully functional, two-tier dispute settlement system with an operational appellate ...

Jaishankar meets South Korea's new foreign minister, vows deeper ties

The meeting coincided wth the 10th anniversary of India-Republic of Korea (ROK) Special Strategic Partnership

13th high-level meeting between coast guards of India, Korea held in Delhi

Top officers from the Indian and Korean coast guard forces held a key meeting in Delhi on Monday, seeking to boost cooperation in maritime law enforcement, search and rescue and pollution response. The defence ministry said this in a statement. "Both sides engaged in discussions to boost cooperation in Maritime Search and Rescue (SAR), Pollution Response (PR), and Maritime Law Enforcement (MLE), while reaffirming their commitment to share best practices and enhance interoperability under the 2006 MoU, it said. This was the 13th High-Level Meeting (HLM) between the Indian Coast Guard (ICG) and the Korea Coast Guard (KCG) in Delhi. The meeting was co-chaired by Paramesh Sivamani, Director General, ICG, and KIM Yong Jin, Commissioner General, KCG, who is currently leading a five-member delegation on an official visit to India from July 20-24, the ministry said. As part of the visit, the KCG delegation will travel to Mumbai from July 23-24 for an industrial visit to Mazagon Dock ...

Cochin Shipyard inks pact with Korea's KSOE to boost maritime cooperation

The MoU focuses on cooperation in several key areas, including joint exploration of new building opportunities in India and overseas, sharing of technical expertise, upskilling of the workforce, etc

Jaishankar thanks S Korean counterpart, stresses need to fight terrorism

Following the attack, India has taken strong countermeasures against Pakistan for its support of cross-border terrorism

EaseMyTrip, Korea Tourism join hands to woo Indian tourists to South Korea

Travel tech platform Easy Trip Planners Ltd on Friday said it has signed an initial pact with the Korea Tourism Organisation to enhance South Korea's visibility as a key outbound destination for Indian travellers. The partnership seeks to drive Indian tourist arrivals to Korea by leveraging EaseMyTrip's digital reach, industry expertise, and extensive customer base, Easy Trip Planners, which operates under the brand EaseMyTrip, said in a regulatory filing. Through a targeted marketing approach, EaseMyTrip and Korea Tourism Organisation (KTO) will work together to increase awareness, improve accessibility, and create seamless travel experiences for Indian travelers exploring Korea, it added. "Korea is a potpourri of history, vibrant city life, and breathtaking landscapes, making it a highly desirable destination for Indian travellers. Our partnership with Korea Tourism Organisation will allow us to bring exclusive travel opportunities to Indian tourists while ensuring seamless bookin

S Korean lawmakers seek independent probe over President Yoon's impeachment

South Korean opposition parties introduced a bill Thursday calling for an independent investigation into impeached President Yoon Suk Yeol's brief martial law declaration, as thousands of his supporters and critics held tense rallies near his residence ahead of his potential detention. The bill, jointly submitted by six parties, including the main liberal opposition Democratic Party, proposes that a special prosecutor investigate whether Yoon's martial law decree on December 3 constituted an attempted rebellion. The bill also calls for an investigation into opposition claims that Yoon sought to provoke a clash with North Korea by allegedly flying drones over Pyongyang or discussing the possibility of shooting down trash-laden balloons launched from North Korea across the border, to justify a power grab at home. Yoon's lawyers and the South Korean military have denied the suspicions. Yoon remained holed up at his official residence in the capital city of Seoul, where the presidential

South Korea's Yoon Suk faces second arrest attempt in fortified compound

A court re-issued an arrest warrant for Yoon this week, sparking protests on both sides

EAM Jaishankar offers condolences to S Korea's airplane crash victims

The incident occurred on Sunday morning when a Jeju Air passenger jet, carrying 175 passengers and six crew members, belly-landed and exploded at Muan International Airport

Political turmoil unlikely to impact Korea's trade with India for now

During the first six months of the current financial year, India exported goods worth $2.87 billion to South Korea, while imports stood at $10.62 billion

India, South Korea bonds to join FTSE Russell EMGB index starting Sept 2025

In March review, FTSE had deferred inclusion of Indian bonds in its index due to taxation, registration and settlement issues but acknowledged India's progress in the accessibility of the securities

South Korean ambassador lauds growing bilateral relations with India

Ambassador highlighted the crucial role of cultural exchanges in bringing the two nations closer

India, Korea discuss upgrading of trade pact, promoting investments

India and Korea on Saturday held discussions on upgrading the existing free trade agreement, balancing two-way commerce and promoting investments between the two countries. The issues were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and his Korean counterpart Inkyo Cheong at Vientiane, Laos. "Deliberations were held on achieving more balanced trade, upgrading the India-Korea Comprehensive Economic Partnership Agreement (CEPA), promoting investments linked to job creation and addressing non-tariff barriers to further strengthen our economic ties," Goyal said in a post on social media platform X. The two countries are holding review meetings to upgrade the CEPA, which was operationalised in January 2010. So far, over 10 rounds of review talks have been held. The two countries have sought greater market access for certain products that are under the negative list of the agreement. No customs duty concessions are granted for the goods under this ...

India, S Korea share bill of lading electronically to promote trade: DGFT

India and South Korea have started sharing the bill of lading in an electronic transfer mode between the customs of both sides, a move that will help promote ease of doing business, a senior official said on Thursday. A bill of lading is a legal document that serves as a receipt, contract, and proof of ownership for shipped goods. Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said as and when the system becomes a norm for all the countries, there will be no requirement for physical submission of records. "India in collaboration with South Korea has now started this concept of sharing the bill of lading in an electronic transfer mode between the customs of both sides," he said while addressing a session in the 'Deloitte Government Summit' here. South Korea is a key trading partner of India and both countries have implemented a comprehensive free trade agreement in 2010. India's exports to the country stood at USD 6.41 billion in 2023-23, while imports aggregated at

India fine tuning FTAs with countries to suit domestic industry: Prasada

India is revising FTAs with South Korea, Malaysia and various other ASEAN countries to benefit the domestic industries, Union Minister of State for Ministry of Commerce and Industry Jitin Prasada said on Monday. At the 64th annual session of ACMA (Automotive Component Manufacturers Association) here, he noted that the free trade agreements (FTAs) with the UK and the European Union are being spearheaded by Prime Minister Narendra Modi. "It will play a great role for the auto components industry," the minister said. He further said: "We are also revising and reworking our FTAs with Korea, with Malaysia, with ASEAN countries, which will be fine-tuned to the demands of our industry." Prasada also urged the auto components industry to increase investment in R&D activities. "We are not investing enough in R&D, I believe this is 1 per cent of the revenue that is being invested so this is very crucial," he noted. He also emphasised the importance of boosting exports, reducing import ..

Seoul welcomes Super 30 famed, Ambassador of Korean Tourism Anand Kumar

The function, where Kumar was felicitated took place at the Korea Tourism Organisation (KTO) headquarters in Segye-ro, Wonju-si, Gangwon State on August 23

South Korea seeks to lower inheritance tax in first revision since 2000

High inheritance taxes have been cited by analysts as a factor behind the "Korea discount", which refers to South Korean firms' comparatively lower valuations.

India-Korea to hold next round of FTA review meeting from Jul 17 in Seoul

With talks to upgrade the existing India-Korea free trade agreement (FTA) moving forward, senior officials of both countries will hold the next round of negotiations from Wednesday in Seoul, an official said. The agreement, dubbed as comprehensive economic partnership agreement (CEPA), was operationalised in January 2010. So far, 10 rounds of review talks have been concluded. The Indian team "will visit Seoul from July 17-19" for the next round of review meetings, the official added. "In the 11th round, both the sides would discuss the broad contours for closing the deal," the official said, adding that Korea is keen to conclude the negotiations this year. The two countries have sought greater market access for certain products, which are under the negative list of the agreement. No customs duty concessions are granted for the goods under this list. The Department of Commerce has engaged with different ministries, including heavy industries, steel, and chemicals, to prepare the of

South Korea trade: India did better on manufactured goods, grew at 6.4%

Electronic goods was among the fastest growing segment among major manufactured goods imported from South Korea

India, S Korea to collaborate in critical tech, semiconductors: Jaishankar

India wants to expand its strategic partnership with South Korea into new areas like critical and emerging technologies, semiconductors and green hydrogen to make the bilateral ties more contemporary, External Affairs Minister S Jaishankar said on Wednesday. Jaishankar's remarks came as he co-chaired the 10th India-South Korea Joint Commission Meeting (JCM) with his counterpart Cho Tae-yul. In his opening remarks, Jaishankar said that during Prime Minister Narendra Modi's visit to South Korea in 2015 the bilateral relations were elevated to a special strategic partnership. "It is important that we live up to that. We have grown from strength to strength in the years that have passed. We have become truly important partners for each other and our bilateral exchanges, trade, investments, defence and science and technology cooperation have all seen a steady growth while keeping up the momentum in the traditional areas of cooperation," the minister said. "We would be very much interest