India and South Korea have set an ambitious goal to double bilateral trade to $50 billion by 2030, up from around $27 billion currently.
The two countries are expanding cooperation across critical sectors such as semiconductors, shipbuilding, energy, steel, and electric vehicles, reflecting a push toward future-focused industries.
A key part of the strategy includes strengthening supply chains and increasing investments, especially amid global uncertainties and disruptions.
South Korean firms are increasingly targeting India for growth opportunities, particularly in advanced manufacturing, chips, and EV ecosystems, leveraging India’s market size and talent base.
Both nations have also agreed to upgrade their Comprehensive Economic Partnership Agreement (CEPA) to improve trade balance and market access.
This evolving partnership signals a broader shift toward deeper economic integration, technology collaboration, and long-term strategic alignment in the Indo-Pacific region.
