HomeIndiaPM Modi, South Korean President Lee Jae-myung Discuss Trade and Future Technologies

PM Modi, South Korean President Lee Jae-myung Discuss Trade and Future Technologies

Hyderabad: Prime Minister Narendra Modi met South Korean President Lee Jae-myung on the sidelines of the G7 Summit in Evian on Tuesday and reaffirmed the commitment of both countries to strengthen cooperation in trade, technology and emerging sectors.

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Prime Minister Modi described the interaction as a very good conversation and noted that it came just two months after President Lee’s official visit to India. During that visit, both leaders agreed to expand cooperation in technology, defence and economic growth.

India and South Korea have maintained diplomatic relations since 1973. Their ties were elevated to a Special Strategic Partnership in 2015, reflecting growing cooperation across multiple sectors.

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Modi Meets South Korea President Lee at G7

Both leaders discussed ways to enhance collaboration in semiconductors, artificial intelligence, green energy and defence manufacturing. They also explored opportunities to strengthen supply chains and boost innovation driven partnerships.

Officials said the discussions focused on renewable energy, critical technologies and infrastructure development. In addition, the leaders exchanged views on regional security issues and cooperation in multilateral forums.

South Korea remains one of India’s key economic partners in East Asia. Bilateral trade between the two countries exceeds USD 23 billion annually.

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Major South Korean companies have invested significantly in India’s automobile, electronics and steel sectors. At the same time, India continues to expand its presence in South Korea’s information technology and pharmaceutical industries.

President Lee has emphasised stronger engagement with India as part of South Korea’s broader Indo-Pacific strategy. Therefore, the latest meeting is expected to provide fresh momentum to bilateral ties.

The discussions underscored the shared commitment of both nations to deepen strategic cooperation and promote economic growth through technology and innovation partnerships.

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