India-Korea ties should be future oriented: Korean Prez

India-Korea ties should be future oriented: Korean Prez

Agency News

Korean President Moon Jae-in on Monday said that his country's relationship with India should be future-oriented and based on cooperation focusing on peace, prosperity and people.

President Moon Jae-in was speaking at India-Korea Business Forum organised by the business chamber FICCI. The meeting was also attended by Union Commerce Minister Suresh Prabhu.

In his remarks, Mr Prabhu said: "In the next few years, there will be several opportunities to work together on fields dealing with marine products, manufacturing, agriculture, and services".

"We have identified many areas of cooperation. As the fastest growing economy, India actually offers Korean investors opportunities. We are fully committed to make - 'Ease of Doing Business' better, transparent and simple," he said.

"President of Korea has spelt out his vision for the India-Korea relationship.Our Prime Minister Narendra Modi has already put in motion the Act East policy.We shall work to put to reality the vision of these leaders, promote business,trade,investments,create more jobs here," he said.

A FICCI report - "India-Republic of Korea: A new era of relationship" was also released by the Union Minister. Earlier in the day, Commerce Minister Mr Prabhu and South Korean Minister for Trade Kim Hyun-Chong inked agreements to boost bilateral trade.

Talking to reporters, South Korean Trade Minister Kim Hyun-Chong said, keeping with Prime Minister Narendra Modi's 'Make in India' policy, the first step has been taken and South Korean President and Prime Minister Modi will visit Samsung's manufacturing site which will be producing 10 million units of mobile phones per month by 2020.

FICCI president Rajesh Shah also said that India-Korea business and trade have great potentials to witness unprecedented growth. President of Korea, Moon Jae-in is on a four-day visit to India from July 8-11.

He would also visit Singapore from July 11 and these visits are largely seen as a push by his government for 'new southern policy'. This signals Republic of Korea's new approach to the countries in Asia, primarily focusing on ASEAN and India.

It also talks about the comfort factor that South Korea enjoys towards India and also underlines the significance of ASEAN. President Moon and Prime Minister Modi will hold bilateral talks on Tuesday and this will mark the second meeting of the leaders first met on the sidelines of the Group of 20 summit held in Germany last year.

"India is fast becoming a major power with the fastest growing economy in Asia. It is also a key nation for cooperation under the New Southern Policy of Korean government," a Korean official has been quoted as saying. (UNI)