South Korean President Lee Jae Myung is meeting with Indian Prime Minister Narendra Modi in New Delhi this week to strengthen economic ties. The talks, beginning Monday, aim to provide a significant boost to cooperation between the two nations.
As part of their agreement, South Korea and India target increasing bilateral trade to 50 billion dollars by 2030. This represents a near doubling of current trade levels, which stand at approximately 27 billion dollars.
The two leaders agreed to deepen cooperation in the defense and shipbuilding sectors. These efforts come as both countries seek stronger ties with reliable regional partners amid escalating tensions in the Middle East.