Advantage of the friendship between India and South Korea
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For South Korea, India carries considerable economic and geopolitical significance. Not only is India an emerging growth market driven by an abundant youth demographic and rapidly rising middle class, it can also be a bridge for Korean businesses to penetrate the Middle East and African markets, considering its long and historical engagement with these two regions. The Modi government’s reforms will provide greater market access for foreign investors, and it could be an important opportunity for Korean investors to strengthen the foundation of their business in the country.
South Korea can also benefit from science and technology cooperation with India. India’s strength in the software industry can complement South Korea’s global competitiveness in hardware, while India’s competence in space science and technology, as proved by the launch of Asia’s first mission to Mars in November 2013, can help South Korea to realize its goal of becoming an aerospace powerhouse.
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South Korea can also benefit from science and technology cooperation with India. India’s strength in the software industry can complement South Korea’s global competitiveness in hardware, while India’s competence in space science and technology, as proved by the launch of Asia’s first mission to Mars in November 2013, can help South Korea to realize its goal of becoming an aerospace powerhouse.
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