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Academic Event

Indian Studies through Comprehensive Structural Studies

The 38th Colloquium



 The HK+ Team at the Institute of Indian Studies, Hankuk University of Foreign Studies, hosted the 38th colloquium on the topic " Trade, Investment and Partnership: The Enlarged Mechanism of Korea-India Relations" December 17th (Fri.). 

 Professor Kang Jae-dong (Rajagiri School of Business) presented Korea-India relations and their linkage mechanism through trade, direct investment and partnership (CSR activities in India during the Pandemic). 

First, the two countries became independent around the same time. KPS Menon was the chairman of the UN Provisional Committee on Korean Affairs to monitor the general election and served as chairman of the Neutrality Repatriation Committee. 

However, India, which had a pro-Soviet policy during the Cold War, did not maintain close ties with South Korea. In 1973, India established diplomatic relations with the two Koreas, but by the 1990s, India and South Korea's diplomacy was incidental and limited. 

The collapse of the Soviet Union became a new biography of relations between India and South Korea, with Narasimha Rao visiting South Korea in 1993 and Kim Young-sam returning in 1996; the agenda was business and trade cooperation.
Korea is ahead of India in manufacturing, ICT and financial international marketing, while India is ahead of natural resources, labor and basic science and technology.
In this situation, the two countries have a complementary industrial structure in the trade field. The two countries signed a free trade agreement in 2009. This strengthened tariff cuts, elimination, direct investment and economic cooperation, but the agreement is expected to be revised due to the lack of significant trade volume. In particular, the trade imbalance in Korea is a stumbling block to the development of bilateral relations. The presenter proposes to solve this problem by importing human resources from India.
In terms of investment, presenters have shown that the direct investment of Korean companies (including large companies and small and medium enterprises) in India has been increasing since CEPA through concrete and diverse data. In particular, the presenter raised the question of how Korean SMEs and SW engineers in India can cooperate in the ICT field and presented various possibilities and garnered great interest. The introduction and proposal of various examples of presenters on cooperation in this field, which can resolve the imbalance between the two countries and bring about the win-win for both countries, is the backbone of this announcement and will be very helpful to the government's advancement into India in the future or companies in this field. In addition, the presenter commented that the two countries are strengthening their partnership through cultural and academic exchanges.