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India’s Act East Policy has strengthened the relationships between the two countries to an all time high. South Korean President Moon Jae-in‘s recent 4 day long visit to India and participating major bilateral discussions with Indian Prime Minister Shri Narendra Modi. During his visit the South Korean President visited or 18 different events out of which 11 such events were also accompanied by the Indian Prime Minister which speaks volume of and stamps the authority of such a robust relations. During his visit Shri Moon along with the Indian Prime minister also participated in the completion ceremony of Samsung Electronics’ Mobile Phone Factory in the NCR region and signed a number of bilateral agreements relating to involvement, cooperation and development in the fields of trade, culture, transfer of technology, ICT and telecommunications, biotechnology and scientific and technological cooperation.
South Korea’s new Southern Policy to strengthen the relationships further with countries in the South and Southeast Asia in general and India in particular against the backdrop of its diplomatic row with China over deployment of America’s Defence System Terminal is something that promises better economic cooperation and development. India’s Act East Policy aims at promoting strong economic cooperation and engagement, building up cultural relations and development of new strategic partnership with all the countries in the Indo-Pacific region through prolonged association and engagement at bilateral and multilateral forum. These policies of both the governments show the unique convergence in their objectives and should further strengthen the strategic partnership between the two countries.
The relations between the two countries in the recent years have to an all time high and Seoul and New Delhi have made a huge and multidimensional progress in substantial convergence in the strategic interests and high level strategic partnership in the governments. India South Korea Axis can be a great achiever particularly when the world is passing through a bad phase of economy and its crucial bilateral partnership can immensely contribute in development of security, peace and economic stability in the region. The open market policies of South Korea finds a clear reverberation of what India have been doing in its economic liberalization, and Act East Policy of the Government of India certainly harmonizes the new Southern Policy. This could give a new dimension and thrust to the bilateral cooperation between the two countries in all related areas of engagement. Our eastern neighbour’s successful economic development and technological advancement and its manufacturing skills and capabilities can be very useful in our sustained economic growth and development.
During his election campaign Shri Moon, the present President of South Korea promised to make a Southern Policy which would lift up the ties between India and South Korea at par with its four major and strategic powers in and around Korean Peninsula i.e. Japan, China, Russia and America. This is a huge departure from its earlier traditional foreign policy which seems to be in the right direction. There are number of electronic giants like Samsumg, LG, and Automobile industries like Hyundai from South Korea working and flourishing its business in India. They have their Research and Development centres in India outside Korea and Hyundai’s R&D centre is one of its five global centres across the world. Moreover, South Korea has an ancient bond with India as its legendary Queen was from the Historic City of Ayodhya, Uttar Pradesh in India. Because of this long association and good relations there are more than 500 South Korean Companies working in India and making their business. To uphold the relationship and ease of doing business issues, the Indian Government has opened up a facilitation centre for frequent business queries and has set up a Korea Plus initiative under Investment in India programme. In turn South Korean Government also set up a new Trade Order Strategy Office to form a Korea India Future Strategy Group for research and development programmes. The Korean Trade Investment Promotion Agency is working in India to showcase these causes.
Study in South Korea is one of the best decisions in terms of its educational standard. Since it has become a popular destination for the students from India and all over the world, it is gaining popularity for its wonderful foods and plethora of cosmetics and make up items besides fascinating geological wonders and cutting edge technology.
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