India’s Prime Minister, Dr. Manmohan Singh, will visit the Republic of South Korea on March 25-27. He is expected to have bilateral consultations with the President of South Korea, Mr. Lee Myung-bak, on March 25th, and then participate in the Nuclear Security Summit.
The Summit brings together participation from more than 50 heads of state or government and various international organizations, which discuss international cooperative measures to protect nuclear materials and facilities from terrorist groups.
India–South Korea bilateral ties have evolved significantly in the last few years. Trade between the two countries has grown exponentially, reaching $20 billion last year, with the potential of surpassing $30 billion by 2014. Many South Korean companies such as Hyundai, LG and Samsung already have a significant presence in the Indian market, and investment by Indian companies in South Korea is growing. Both countries can also enhance cooperation in fields such as defence and civil nuclear technology.
While there have been a number of high-level visits between the two countries in the last two decades, the last Prime Ministerial visit from India to South Korea was in the year 1993.
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