India, South Korea Reset Ties with $50 Billion Trade Target, Digital Bridge and Strategic Indo-Pacific Alignment
India and South Korea on Monday agreed to significantly expand their bilateral partnership across trade, technology, defence-adjacent sectors and the Indo-Pacific, setting an ambitious target to more than double trade to $50 billion by 2030 while launching new institutional mechanisms to deepen economic and strategic cooperation. Prime Minister Narendra Modi and South Korean President Lee Jae Myung; Via: MEA India The agreements were announced following talks between Prime Minister Narendra Modi and South Korean President Lee Jae Myung during the latter’s state visit to India — the first such visit in eight years — where both sides outlined a transition from an existing strategic partnership to what was described as a more “futuristic” and comprehensive framework. At the core of the outcomes is a broad-based push spanning semiconductors, shipbuilding, artificial intelligence, energy security and supply chains, alongside the launch of an India–Korea Digital Bridge to drive collaboration...