South Korea and India have agreed to deepen cooperation in defence, shipbuilding and advanced industries, as both countries seek reliable partnerships amid evolving global tensions.
Following talks in New Delhi, President Lee Jae Myung said the two nations aim to become “all-encompassing cooperation partners” to drive growth and innovation. Prime Minister Narendra Modi confirmed a shared target to double bilateral trade to $50 billion by 2030, signalling a long-term economic alignment.
The agreement reflects shifting geopolitical and trade dynamics, with both countries expanding collaboration beyond traditional sectors.
Key developments:
- Expansion of cooperation in defence, shipbuilding, artificial intelligence and finance
- Joint efforts to strengthen global supply chains and maritime production capacity
- Commitment to stable energy and raw material supply, including naphtha
- Support for Middle East stability to safeguard global economic security
South Korea’s advanced shipbuilding expertise is expected to complement India’s ambitions to scale its maritime industry.
ℹ️ Bloomberg
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