India and South Korea Relationship - Seeker's Thoughts

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Saturday, 14 July 2018

India and South Korea Relationship


India and South Korea Relationship
South Korea has close relationship with four neighbors – US, Japan, China and Russia.  South Korea wants to establish the same relationship with India.  It comes under new southern Policy of South Korea. South Korea ‘s new Investment is moving from China to Vietnam.
Economic Orientation.
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How will it benefit India?
India has more strategic concern as South Korea has private defense technology. India is one among the biggest importer of arms and needs more help in defense technology. Connecting with South Korea will help in defense technology transfer. 
Guidence is required from South Korean Governmnet in various fields which may be better for Indian interest. 
South Korea can support the energy need of Indians, as it can supply raw material and can help in bringing down the unit cost of power plant. Therefore, Korean companies can be very helpful for Nuclear parts.
Future strategy is focused more about Artificial Intelligence etc. where the country again can play vital role for India as Korean companies are well ioccupied to that. 
Point O – India and Korea should be working together. 
Early Harvest Agreement- --- More advantage to Korea--- Korean Companies in marine product and can process food.  India and Korean can work on cyber security
Second component for peace remains the nuclear proliferation of  North Korea, as India has always been in favour of Reconcilation of North Korea and south Korea.  We have been concerned with North Korea ----- and their closeness with Pakistan. 
How will it benefit South Korea?
India shares close relations with Japan—India gives more relaxation with Japan and gives more benefit to the country. South Korea may get more relaxation.  India is having huge market which on the other hand will benefit South Korea.