India-South Korea holds 5th Foreign Policy and Security Dialogue

Tags: International Relations International News

Saurabh Kumar, Secretary (East), Ministry of External Affairs (MEA), made an official visit to South Korea and co-chaired the 5th Foreign Policy and Security Dialogue (FPSD) with his Korean counterpart Cho Hyundong.

An overview of the news

  • During the two-day talks that ended on January 17, the two sides agreed to deepen cooperation in the areas of trade and investment, security and defence, science and technology as well as cultural and people-to-people exchanges.

  • India and South Korea agreed to work to make global supply chains more resilient and robust.

  • Both the countries agreed to take bilateral trade to US$ 50 billion by 2030 from an all-time high of US$ 28 billion at present.

  • Both sides also discussed opportunities for cooperation in new and emerging technologies.

  • India has offered investment to Korean companies in manufacturing, infrastructure and other sectors.

About South Korea

  • South Korea is a country located in East Asia that is known as the 'Land of Quiet Mornings'.

  • The Korean peninsula was divided into communist Democratic People’s Republic of Korea (North Korea) and Republic of Korea (South Korea) after the Korean War in 1953.

  • The nation's capital, Seoul, is the world's second largest metropolitan area and a major global city.

  • North Korea is the only country bordering this country.

  • Martial arts Taekwondo originated in Korea.

  • President- Yoon Suk-yol

  • Currency- South Korean won

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