India-South Korea completes 50 years of diplomatic relations

India-South Korea completes 50 years of diplomatic relations

Recently India-South Korea has completed 50 years of diplomatic relations.

Relations between the two countries began in 1962 with bilateral consular relations. Later in 1973, it was upgraded to Diplomatic-Relations (Ambassador-level).

Major areas of participation-

The two countries signed a strategic partnership in 2010. This partnership was upgraded to ‘Special Strategic Partnership’ in 2015. Defense cooperation is at the heart of this partnership.

Economic Relations:

  • The Comprehensive Economic Partnership Agreement (CEPA) between the two countries came into force on January 1, 2010.
  • In the year 2011, a civil nuclear energy cooperation agreement was concluded between the two countries.
  • In the year 2022, trade between the two countries had reached an all-time high of $27.8 billion. A target has been set to reach it to $50 billion by the year 2030.
  • The ‘Korea Plus’ initiative has been launched to promote and facilitate Korean investments in India.

Cultural Relations:

  • India and the Republic of Korea are culturally and kinship linked through Buddhism.
  • According to the “Samguk Yusa”, written in the 13th century, a princess from Ayodhya married King Kim-suro of the Gaya Confederacy in Korea and became Queen Hur (hyeo) Wang-ok in 48 AD.

Source – PIB

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