June 24, 2021
2 mins read

S.Korean envoy leaves behind a lasting legacy in India

Trade between the two countries in Jan-Dec 2020, recorded $16.9 billion, according to Indian Embassy data. In 2018, Korea’s investment to India crossed the $1 billion mark for the first time, touching $1.053 billion…reports Mahua Venkatesh.

South Koreas ambassador to India, Shin Bongkil, who prepares to leave New Delhi after completion of his three-year term, will have reasons to cherish. It was only last year that India introduced Korean as the second foreign language in schools as part of the National Education Policy last year.

Jang Jae-bok, who is currently posted as the Ambassador for Public Diplomacy in Korea will assume take charge in place of Shin by the middle of next month, Asian Community News (ACN) said. Shin’s tenure will also be marked by the two brutal Covid 19 waves that hit India.

The Korean Embassy under Shin along with other Korean associations arranged for oxygen concentrators. “It was not easy during the lockdown period but the embassy arranged for the logistics to transport the same to the Korean community staying in far-flung areas,” ACN quoted Euy Don Park, President, Federation of Korean Associations in India as saying.

While the bilateral Comprehensive Economic Cooperation Agreement (CEPA), is in place since 2010, bilateral trade between the two countries touched $21.5 billion only in 2018 — crossing the $20 billion mark for the first time.

Trade between the two countries in Jan-Dec 2020, recorded $16.9 billion, according to Indian Embassy data. In 2018, Korea’s investment to India crossed the $1 billion mark for the first time, touching $1.053 billion.

India – RoK Trade and Economic Relations.
Foreign direct investment (FDI) from South Korea into India up to September 2020 stood at $6.94 billion.

“The Korean community in India appreciates his approach to make good relationship with India considering the fact that India is an important county for Koreans,” Park said. ACN further noted that it was during the tenure of Shin that the construction Korean Indian Friendship Park was completed in New Delhi, and Suriratna park (Queen Ho) park came up in Ayodhya in Uttar Pradesh.

(This content is being carried under an arrangement with indianarrative.com)

ALSO READ-Modi invites more South Korean investment in India

READ MORE-South Korea: Ex-Prez Park’s Jail Term Upheld

Previous Story

Rajnath reviews Project Seabird at Karwar base

Next Story

Pakistan likely to stay in FATF grey list

Latest from -Top News

Zero Tariffs? Trump Claims Big Win Over India

Trump Claims India to Eliminate Tariffs on U.S. Imports..reports Asian Lite News U.S. President Donald Trump announced on Tuesday that India has either already removed or is in the process of removing

UNSC Grills Pakistan Over Pahalgam Attack

Though Pakistan claimed that the meeting largely served and achieved the objectives of the UNSC’s meeting, reports showed that it flopped miserably…reports Asian Lite News The United Nations Security Council (UNSC) reportedly

Pakistan’s Terror Link “No Secret”: Bilawal Bhutto

Zardari stated that Pakistan’s intelligence services have since changed course and no longer collaborate with extremist elements..reports Asian Lite News Bilawal Bhutto Zardari, former Foreign Minister of Pakistan, has openly acknowledged Pakistan’s

Islamists Rise Under Yunus Rule

After the departure of former Prime Minister Sheikh Hasina in August 2024, Islamic parties in Bangladesh, crushed for years by the Awami League government, have made inroads into the political arena…writes Baidya
Go toTop

Don't Miss

Leave Kharkiv immediately: India’s ‘urgent’ advisory to citizens

Indian Embassy has advised its citizens that “under all circumstances

India rebuffs Chinese move to create buffer zones in Ladakh

Interestingly, it was almost a mirror reflection of the offer