Why is South Korea so important in India’s rapid development?

South Korean President Moon J.-In his “New South Pole” policy to include India in his bilateral talks with North Korea and his success to launch the US-North Korea Summit, his ‘Three P’ (people, prosperity, Peace) are coming to India for the agenda.

According to the recent Newspaper Interview of South Korea’s Ambassador to India, ‘people’ means cultural and tourism relations, by building financial partnership of ‘prosperity’ and ‘peace’ on their regional challenges, especially on the security situation on the Korean Peninsula Calls to share their thinking, and India’s permanent interest car in maintaining its taluka with both Korean countries It is the same.

Immediately after Japan’s independence from Japan in 1945, India was elected as the Chairman of the United Nations Commission, which eventually established the Republic of Korea on August 15, 1948.

However, the strengthening of its relations with India came in the last two decades due to unprecedented development in South Korea following the East Asian financial crisis of 1997.

Korean brand

Korean brands are available at home in India today and some of their companies are already contributing to Modi’s ‘Digital India’ and ‘Make in India’.

In this background, the Modi-Moon Summit is expected to begin the second phase of “special strategic partnership”, which has further strengthened Modi’s “New East Policy” and Moon’s “New South Polele” Has promised to take it beyond the bilateral level. They can also be seen while addressing various issues of regional and global importance.

What is the significance of South Korea in India’s high growth demand? It can be understood from a very simple equation- India’s population is 24 times higher than South Korea, whereas in terms of GDP per person, it is only 16th of South Korea is.

Thus, the relationship between the two is very much complementary to each other, because while South Korea has advanced technology and experts along with capital, India has a huge market and abundant raw materials but here is the basic basic There is a lack of structure.

This small country (South Korea), as big as Gujarat, has hosted both Summer and Winter Olympics Games and today the companies here are giving consumer electronics, mobile phones and automobiles all over the world and building infrastructure. Are there.

Moon’s ‘New South Tactics’

President Moon’s commitment to make a strong partnership with India was already seen.

Chu Hyun, who was former Korean ambassador to India during the formation of the government in April last year, was made the junior minister of foreign and multilateral economic affairs, and then in May the former President of the Moon, former cultural minister Chung Dong-chi Sent to India and Australia.

After this, with the announcement of President Moon’s ‘New South Policy’ in November, a new aspect has begun in the relationship between India and South Korea.

Prime Minister Narendra Modi went to South Korea in May 2015 in the backdrop of President Moon’s ‘New South Policy’ With this, both countries changed their relations into a “special strategic partnership”, and at the same time, South Korea laid the foundation for a $ 10 billion credit line for the development of infrastructure in India.

This is despite all the controversy over the protests by the local steel company Posco for the project of leasing iron ore mine to the company for the 12 billion dollar steel plant in Orissa.

South Korea did welcome Modi

South Korea was one of the few selected countries which hosted Gujarat Chief Minister Narendra Modi in 2007 when he was seen as an unacceptable person in many western countries led by USA.

Myths about the relations between India and Korea are going on from two thousand years ago and today there are 11 thousand Indian Indians, including about one thousand researchers doing PhD in South Korea. In such a situation, this meeting of Modi-Moon can be seen as the beginning of taking interest in regional players besides the six-country talks of South Korea.

India has always advocated for nuclear disarmament of the Korean Peninsula through negotiations. And South Korea has been doing the same thing over the years.

India’s continued friendship with North Korea will be of great benefit to India and South Korea.

Comparison with China

Under Prime Minister Narendra Modi’s highly active foreign policy, India has shown interest in connectivity with North Korea. India has kept an eye on the good results coming out of regional development and North Korea relations.

Today, while North Korea has started opening its doors to the rest of the world, India would like to get out of its China-Pakistan traditional tactical alliance. India is particularly worried about North Korea’s its nuclear and missile programs with Pakistan and its security implications for the region.

Indeed, both North Korea and Pakistan have close relations with China, which also remains an important reference point for Indo-South Korea relations.

Comparison with China is compulsory. India’s bilateral trade with South Korea also crossed the figure of US $ 20 billion last year, with China having 12 times more than $ 240 billion in trade with South Korea. Similarly, compared to the investment of nine times more than $ 57 billion in China, South Korea’s total investment in India is $ 6.8 billion.

But under President Mooney’s own ‘New South Policy’, India aims to keep relations with India equal to China level reflects India’s great potential.

In the last three years, their trade has seen an increase of $ 17 billion to $ 20 billion, and both sides have set a goal of reaching it 40 billion dollars.

Finally, for India, South Korea gives a shocking change that represents a successful situation in the Asian democratized system, due to which South Korea’s world-class infrastructure constitutes counting among the leading nations today.

As India is coming closer to its next general elections, photos of the importance of its growing partnership with democratic South Korea and the signatures on Asha dozen agreements become much deeper.

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About the Author: Motina Chand

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