Prime Minister Narendra Modi spoke on phone today with South Korean President-elect Yoon Suk-yeol and congratulated him on his victory in the recent Presidential elections.
Both leaders agreed on the importance of further broadening and deepening the India-Korea Special Strategic Partnership, especially in the present global context.
"They discussed various sectors that offer potential for accelerated bilateral cooperation, and agreed to work together to this end," said the Prime Minister's Office (PMO).
The leaders also emphasised their desire to jointly celebrate the 50th anniversary of the establishment of diplomatic relations between India and South Korea next year.
It was a pleasure to speak with President-elect @sukyeol__yoon. Conveyed my congratulations on his recent victory in the Presidential elections in Republic of Korea. We discussed the potential of further deepening the India-Korea Special Strategic Partnership in many areas.
— Narendra Modi (@narendramodi) March 17, 2022
PM Modi also invited Yoon to visit India at his earliest convenience.
India and South Korea have a strong economic partnership that is rapidly expanding. According to data from Korea's Ministry of Trade, Industry, and Energy (MOTIE), bilateral trade between the two countries reached $23.7 billion in 2021, surpassing $21.5 billion in 2018.
This was the highest-ever trade volume between the two countries, representing a 40% increase over the previous year's total of $16.9 billion.
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