Menu
International

South Korean PM’s visit of India

  • News: Republic of korea's Prime Minister Lee Jae Myung paid a State Visit to India from 19 - 21 April, 2026.

  • Background

    • including Busan-Mumbai, Incheon-Kolkata, and Ulsan-Chennai.

    • Diplomatic relations were established in 1973 and the Special Strategic Partnership was signed in 2015.

    • Sister-city and friendship-city relationships, 

    • Defence: Joint Venture of K9-Vajra howitzers.

    • The construction of the Queen Suriratna memorial in Ayodhya strengthens the cultural ties between the two nations.

    • India views the ROK as an indispensable partner in its "Act East” Policy.

    • Bilateral trade is $27 bn,

      • Target: $50 bn by 2030.

  • Announcements 

    • Aims at enhancing resilience in supply chains, promoting market diversification and advancing cooperation in cutting-edge technologies on the basis of mutual strategic trust.

    • To connect businesses, incubators, investors, defence start-ups and universities from both sides.

    • Resumption of negotiation to upgrade the Comprehensive Economic Partnership Agreement (CEPA).

    • Launch of Economic Security Dialogue.

    • Joint Strategic Vision for the India-ROK Special Strategic Partnership.

    • Launch a ‘Korea-India Defence Accelerator’ (KIND-X) innovation platform 

    • Establishment of Distinguished Visitors Programme (DVP). 

    • ROK joining the Indo Pacific Oceans Initiative. 

    • ROK joining International Solar Alliance and India joining Global Green Growth Institute (GGGI). 

    • Commemoration of the Year 2028-29 as Year of India-ROK Friendship.

    • An India-ROK "Space Day” in collaboration with IN-SPACe in Bengaluru was celebrated on 20 April 2026.

    • Will Open office of Korea Marine Equipment Association (KOMEA) in Mumbai, the first such office.

  • MOUs: 

    • These include agreements in ports, steel supply chains, small and medium enterprises, science and technology, climate action, and Cultural and Creative Industries (CCIs). 

    • Digital Payment Integration: NPCIL and KFTC signed an MOU.

Note:

  • Rajasthan Budget 2026-27 announcement:    
    • 4th Pillar
      • Language training in English, Japanese, French, German, and Korean for 1,000 youth for employment in hospitality, IT, and healthcare sectors. 
  • The relationship between Korea and Rajasthan is mainly economic: 
    • Korean Park- Ghilot , Kotputli- Behror.
      • Associated agency: Korea Trade- Investment Promotion Agency (KOTRA).