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India–South Korea Adopt Joint Strategic Vision 2026–2030
India and South Korea have adopted a Joint Strategic Vision (2026–2030) along with multiple agreements to deepen bilateral cooperation. The development is currently relevant for strengthening strategic, economic, and technological ties between the two countries.
India–South Korea Relations:
| Dimension | Key Details |
|---|---|
| Joint Strategic Vision | India and South Korea have adopted a Joint Strategic Vision for the period 2026–2030. |
| Leadership Engagement | Annual leader-level meetings have been institutionalised for continuous guidance to the partnership. |
| Indo-Pacific Initiative | South Korea has joined the Indo-Pacific Oceans Initiative, a non-treaty-based voluntary arrangement launched by India. |
| Trade Target | Bilateral trade is targeted to be doubled to $54 billion by 2030. |
| Economic Security Dialogue | An Economic Security Dialogue has been launched for supply chain resilience and technological cooperation. |
| Climate Cooperation | South Korea has joined the International Solar Alliance, while India has joined the Global Green Growth Institute. |
| GGGI | The Global Green Growth Institute is a treaty-based intergovernmental organization established at the Rio+20 Conference in 2012 and headquartered in Seoul. |
| People-to-People Ties | The years 2028–29 have been designated as the Year of India–Republic of Korea Friendship. |
| Cultural Initiative | The Mumbai Korea Centre is set to be launched to promote cultural collaboration including K-pop and Bollywood. |
| Maritime Cooperation | A comprehensive partnership in shipbuilding, shipping, and maritime logistics has been established under the VOYAGES framework. |
| Technological Cooperation | The India–Korea Digital Bridge has been launched for cooperation in artificial intelligence, semiconductors, and information technology. |
| Partnership Status | The India–Republic of Korea Special Strategic Partnership has been established in 2015. |
| Trade Status | Bilateral trade stands at $27 billion with India facing a trade deficit of $15.19 billion. |
| CEPA | The Comprehensive Economic Partnership Agreement has been signed in 2010 and India seeks its upgrade for balanced trade. |
| Defence Cooperation | Defence cooperation comprises the 2020 Roadmap to Defence Industry Cooperation, K9-Vajra howitzers built in India through technology transfer, and KIND-X initiative connecting startups and investors. |