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India20 Apr

India, South Korea aim to double trade to $50B by 2030

India and South Korea have agreed to double bilateral trade to $50 billion by 2030, with defense and shipbuilding cooperation highlighted.

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1 verified
Location
New Delhi, India
Updated
Monday, 20 April 2026 at 14:24 UTC
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India and South Korea have announced a goal to double their bilateral trade to $50 billion by 2030. The agreement was highlighted during a business dialogue in New Delhi, where South Korean President Lee Jae Myung referenced historical ties by mentioning Indian Queen Suriratna (Heo Hwang-ok) in his speech. The partnership will focus on boosting defense and shipbuilding sectors, with 250 Korean business leaders currently in India representing major companies like Samsung, Hyundai, and LG.
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