Politics Business Asia

Modi and Lee Deepen Ties

Modi and Lee Deepen Ties

The summit focused on strengthening supply chains and economic cooperation amid ongoing Middle East tensions.

Both nations agreed to aim for a bilateral trade target of $50 billion by 2030, emphasizing joint ventures in critical minerals and defense industries.

President Lee also highlighted the importance of securing the Strait of Hormuz, stating that maritime safety is essential for the survival of both emerging global leaders.

This diplomatic push underscores Seoul's strategy to expand its footprint in the Global South as a counterweight to regional geopolitical instability.

Narendra Modi Prime Minister's Office, GODL-India
Narendra Modi
Prime Minister of India since 2014
Lee Jae Myung
President of South Korea since 2025
India
Country in South Asia
South Korea
Country in East Asia
New Delhi
Capital city of India