Overview
- At their summit Monday in New Delhi, the leaders set a May restart for CEPA upgrade talks with a goal to finish in the first half of 2027 and created a minister-level Industrial Cooperation Committee.
- New deals cover port cooperation, a Mumbai Korea Center for K-culture, and linked QR payments so visitors can use homegrown apps without currency exchange.
- They set a $50 billion trade target for 2030 and prioritized joint work in shipbuilding, semiconductors, AI, defense, finance, critical minerals, and nuclear and clean energy.
- With shipping through the Strait of Hormuz disrupted by the Middle East war, both sides highlighted energy security and naphtha supplies as urgent areas for coordination.
- Modi said South Korea will join the International Solar Alliance and the Indo-Pacific Oceans Initiative, signaling broader regional cooperation.