Business Asia Politics

India and South Korea Deepen Ties

India and South Korea Deepen Ties

The summit resulted in the signing of several Memorandums of Understanding covering cooperation in high-tech sectors including semiconductors, shipbuilding, and green energy.

Both nations are seeking to build more resilient supply chains and reduce their reliance on unpredictable trade partners.

President Lee's visit highlights South Korea's 'New Southern Policy' aimed at expanding its influence in the Indo-Pacific region.

Prime Minister Modi characterized the partnership as one moving 'from chips to ships,' emphasizing the broad scope of their future collaboration.

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