India Korea Trade

Economic Relations and Investments

• On November 04, 2025, the PHD Chamber of Commerce and Industry (PHDCCI) and the Busan Chamber of Commerce and Industry (BCCI) signed a Memorandum of Understanding in New Delhi to promote bilateral trade and industrial cooperation, facilitating opportunities in manufacturing, clean energy, digital technology, maritime logistics, and emerging sectors for joint ventures and investment partnerships.
• On October 10, 2025, during the G20 Trade and Investment Ministers’ Meeting in South Africa, India and South Korea agreed to explore joint initiatives in electronics manufacturing, electric vehicle (EV) components, and trusted digital supply chains, reflecting a broader agenda to boost trade and industrial cooperation.
• On October 15, 2025, India and South Korea strengthened ties with a technology-driven partnership focusing on semiconductor collaboration and clean energy, particularly in solar, wind, energy storage, and green hydrogen sectors, leveraging complementary national priorities and investment potential.
• In April-August 2025, India’s merchandise exports to South Korea rose by approximately 9.69%, supported by reduced tariffs and improved market access under the India-Korea Comprehensive Economic Partnership Agreement (CEPA), indicating robust trade growth and strengthening economic linkages.
• On April 18, 2025, the Mumbai Metropolitan Region Development Authority (MMRDA) welcomed a high-level Korean delegation at the India Global Forum 2025 to deepen collaboration on infrastructure, technology, smart governance, and investment aligned with the Mumbai 3.0 vision, building on a previously signed MMRDA-World Smart Cities Forum MoU.
• On April 04, 2025, India and South Korea held a joint forum on growth strategy in Seoul to discuss measures to expand bilateral cooperation in trade, investment, advanced manufacturing, and renewable energy, reaffirming commitments to strengthen economic ties.
• In April 2025, the Embassy of the Republic of Korea in India, in collaboration with India’s think tank ORF (Observer Research Foundation), hosted the 2nd Korea-India-U.S. 1.5 Track Dialogue under the theme, “Korea-India-U.S. Triangular Partnership: Vision, Scope, and Synergy.”
• In February 2025, DPIIT and Korea Transport Institute Sign MoU to Boost Collaboration in Logistics and Infrastructure Development
• A Korean delegation led by Mr. Jund Deok Min, Chairman of Make in India Korea, and Mr. Goo, Special Advisor to Lotte Group, met Andhra Pradesh ministers Mr. TG Bharath and Mr. Kondapalli Srinivas to explore trade and investment opportunities. Key discussions included setting up a skill academy under a PPP model, collaboration with Korean firms for training, developing a Korean MSME industrial complex, boosting investments in sectors like agro and marine processing, reviving mango exports, and expanding Indian products such as Ayurveda and handicrafts in the Korean market.
• In August 2023, Union minister Mr. Rajeev Chandrasekhar discussed potential collaboration with South Korean ministerial delegators on digital infrastructure, India Stack, AI, skilling, and cybersecurity during bilateral meetings.
• Prime Minister Mr. Narendra Modi expressed the progression of mutual respect, shared values, and burgeoning partnerships. Anticipating a close collaboration with Mr. Yoon Suk Yeol, the Prime Minister looks forward to enhancing and broadening the Special Strategic Partnership.
• The India-Korea Electronic Origin Data Exchange System (EODES) has been inaugurated to expedite the clearance process of imported goods. EODES is designed to streamline the implementation of the India-Korea Comprehensive Economic Partnership Agreement (CEPA) through the electronic exchange of origin information between the customs administrations of the two nations, specifically for goods traded under the CEPA.
• Indian companies like Mahindra and Mahindra, Tata Motors, and banks like State Bank of India and Bank of Baroda have large investments in South Korea.
• To improve bilateral economic relations, India and South Korea are seeking to expand a Comprehensive Economic Partnership Agreement (CEPA), with an ambition to increase bilateral trade to US$ 50 billion before 2030.
• India and ROK launched an initiative ‘Korea Plus’, as proposed by Prime Minister Mr. Narendra Modi in June 2016 in India to promote and facilitate Korean Investments in India. A Korea India SME and Start-up Centre was launched in September 2019.
• India and South Korea signed an arrangement on November 30, 2022, regarding the Economic Development Cooperation Fund loan of over US$ 1,900 million (245 billion Korean Won) for the establishment of an Intelligent Transport System on the Nagpur-Mumbai Super Communication Expressway Project in Delhi. The project's objective is to enhance traffic management efficiency by establishing the Intelligent Traffic Management System.