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- 6th edition of the India-Korea Business Partnership Forum has begun on 07 November in New Delhi.
- This marks the celebration of 50 years of diplomatic relations between India and South Korea.
- Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade, addressed the event.
- He highlighted India’s deep business and cultural ties with South Korea.
- He said that over 5.6 billion dollars have been invested by Korean companies since April 2020.
- He added the investment is expected to grow to 50 billion dollars by 2030.
- India-Republic of Korea established diplomatic relations on 10 December 1973.
- The strategic partnership between the two countries was elevated to “Special Strategic Partnership” in the year 2015.
- In 2022, bilateral trade between the two countries reached record levels of US$27.8 billion.
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