South Korean President Lee Jae Myung met Indian Prime Minister Narendra Modi in New Delhi on Monday, with both leaders pledging to nearly double bilateral trade to deepen economic and strategic ties.
Modi said India and South Korea aim to increase trade between their countries from about $27 billion to $50 billion by 2030 by strengthening supply chains, improving market access and encouraging greater investment. “India and South Korea are going to transform their trusted ties into a futuristic partnership,” he said.
Lee said the two sides agreed to significantly upgrade economic cooperation, focusing on sectors such as shipbuilding, defense and artificial intelligence.
Talks between Modi and Lee come as both countries are looking to strengthen ties amid global economic uncertainty and supply chain disruptions triggered by the Iran war. (AP)
