Kochi: India and South Korea on Monday signed a number of MoUs aimed at deepening bilateral cooperation between the two countries, media reports said.
Prime Minister Narendra Modi said that partnership between the two nations is now moving towards a more advanced phase.
“Following President Lee’s visit, we are going to transform our trusted collaboration into a futuristic partnership,” Modi said.
Modi said “…Lee’s life is an inspiring example of struggle, service, and dedication. Every challenge has only strengthened his resolve to serve the people. Although this is his first visit to India, his affinity for India has been evident since our very first meeting,” Modi said.
“Democratic values, market economy, and respect for the rule of law are in the DNA of both our countries. We also have a common outlook in the Indo-Pacific region,” Modi said.
India is going to transform this association into a futuristic partnership. We will realise new opportunities for cooperation in every field, from chips to ships, talent to technology, environment to energy, and together ensure the progress and prosperity of both countries,” he said.
The South Korean President said that both nations are aiming to increase the “current USD 25 billion level of annual trade volume between India and South Korea to around USD 50 billion by 2030.”
Korea has also agreed to increase association in strategic industries, like shipbuilding, AI, finance, and defence and promote culture and people-to-people exchanges.
The two sides also resolved to work together to ensure peace and stability in the Indo-Pacific region.
S Korea-India ink MoUs
