As India and South Korea celebrate 50 years of diplomatic ties, Prime Minister Narendra Modi conveyed warm wishes to South Korean President Yoon Suk Yeol. PM Modi highlighted the journey of mutual respect, shared values, and growing partnerships between the two nations. In a social media post, he expressed optimism about working closely with President Yoon Suk Yeol to deepen and expand their Special Strategic Partnership.
In September, South Korea announced a substantial contribution to India, providing a USD 4 billion line of credit over the next three years for high-value projects. The announcement came after discussions between President Yoon Suk Yeol and PM Modi during their bilateral meeting on the sidelines of the G20 summit. The loan, provided under the Economic Development Cooperation Fund (EDCF), aims to enhance economic cooperation between the two countries.
During their meeting, the leaders also emphasized the need to strengthen space development cooperation, reinforcing their commitment to strategic communication and collaboration. The discussion, initially scheduled for 20 minutes, extended to over 40 minutes, underscoring the significance of the Indo-Pacific partnership between India and South Korea.
