Prime Minister Narendra Modi held delegation-level talks with South Korean President Lee Jae Myung in New Delhi on Monday, marking a significant step forward in bilateral relations. The high-level meeting resulted in the signing of four Memorandums of Understanding (MoUs) spanning key sectors such as sports, cultural and creative industries, and small and medium enterprises (SMEs).
Among the notable agreements was an MoU for the establishment of an Industrial Cooperation Committee aimed at boosting collaboration in the SME sector—seen as a backbone of both economies. The two nations also exchanged a joint declaration to resume negotiations on upgrading the Comprehensive Economic Partnership Agreement (CEPA), alongside unveiling a framework for the India–Korea Digital Bridge, a move expected to deepen technological and digital cooperation.
Addressing a joint press briefing, Prime Minister Modi emphasized the shared foundational values between the two democracies. He noted that democratic principles, a commitment to market economies, and respect for the rule of law form the core of both nations’ governance systems. Highlighting the growing alignment in the Indo-Pacific region, he stated that India and South Korea share a common strategic outlook on regional stability and prosperity.
Reflecting on the trajectory of bilateral ties, Mr. Modi said that over the past decade, relations have become more comprehensive and dynamic. He expressed confidence that President Lee’s visit would elevate the partnership from a trusted relationship to a more futuristic and forward-looking collaboration.
President Lee Jae Myung, in his remarks, acknowledged India’s rising stature as a leading voice of the Global South. He underscored Seoul’s intent to expand cooperation with New Delhi in critical areas such as defence, artificial intelligence, and shipbuilding—sectors that are increasingly central to both nations’ economic and strategic ambitions.
The visit and the agreements signal a renewed momentum in India–South Korea relations, underpinned by shared values and a mutual desire to strengthen economic, technological, and strategic cooperation in an evolving global landscape.
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