Says Secretary General Sockjoong Yoon of ICCK at a brief meeting with The Korea Post mediaBy Publisher-Chairman Lee Kyung-sik with Business Editor Choe Nam-suk (vice chairman)
Secretary General Sockjoong Yoon of the Indian Chamber of Commerce in Korea (ICCK) said that his Chamber performs the role of a firm bridge between Korea and India helping business peoples of the two countries, especially the businesses of India in Korea, do well for the two countries as well as for themselves.
According to the message of Chairman Anil Sinha of the ICCK introduced by Secretary General Yoon, the ICCK has been contributing to nurturing economic, trade and cultural relationships between the Republic of Korea and India and helping investment and business activities of companies from both countries besides the cultural exchanges.
The new Budget 2022 in India with key initiatives of Atmanirbhar Bharat, 5G rollout, Go Digital gives tremendous opportunity, besides the steel and manufacturing sector for companies in both countries; to build stronger ties and co-operation.
The new Government in Korea is also going to be more supportive to the industry. This brings a win-win situation for the companies at both ends.
The year 2023 marked the 50th anniversary of the establishment of diplomatic relations between Korea and India. This brings an opportunity of plethora of activities taking place on business front, including trade delegations from both countries.
ICCK can play a meaningful role and add value to the business.
ICCK will continue to play an advisory role in sharing experiences in business and strengthening the relationship between India and Korea.
According to officials at the Korean Ministry of Foreign Affairs and diplomatic organizations of Korea in India, Korea-India bilateral relationship boasts of longstanding historical and cultural ties, spanning over two millennia.
The two countries forged diplomatic relations in 1973, paving the way for a sound and steady development in bilateral relations across a wide range of areas, including politics, economy and culture.
The signing of the Korea-India Special Strategic partnership in 2015 and the launch of New Southern Policy by the President Moon Jae-in Administration in 2017, a policy that is in sync with the Prime Minister Narendra Modi government’s Act East Policy, have led to a turnaround in our bilateral ties.
The State Visits of President Moon Jae-in to India in July 2018 and of Prime Minister Narendra Modi to Korea in February 2019 have further taken the bilateral ties and friendship between the two countries to a new high.
As a newly emerging power, India holds vast potential and opportunities for bilateral cooperation.
Nearly 700 Korean companies, both big and small, have entered the Indian market and increased their investment.
With K-Pop and other Korean Wave contents gaining popularity among the Indian youth, interest of Indian people in Korean culture and language is steadily growing.
In milestone developments, Korean history was included in the Indian school text-books in 2018 and Korean language was offered as a foreign language in Indian secondary schools in 2020.
Around 10,000 Korean nationals reside in India and they serve as the backbone of strong bilateral relationship.