• South Korean President Moon visited India recently.
• South Korea wants to upgrade India-South Korea relations.
• South Korea had launched the New Southern Policy last year to increase S. Korea’s ties with India and the ASEAN countries.
Why South Korea is so important?
• South Korea has been impacted by power politics between the U.S. and China.
• The deployment of the U.S. THAAD missile defence system in the Korean Peninsula has led to an economic retaliation by China against South Korea.
• South Korea’s economy is highly dependent on the Chinese market.
• The ongoing U.S.-China trade war has increased the uncertainty of South Korea’s core economic interests leading to a threat to the national security of South Korea.
Relation between India and South Korea
• South Korean wants to improve relations with India to the same level as with U.S., China, Japan and Russia.
• India and South Korea are working together on ensuring freedom of navigation, air and lawful commerce in the Indo-Pacific region;
• South Korea supports India’s membership of Nuclear Suppliers Group
• India and South Korea are working with 3rd countries like Afghanistan for regional development.
• There is immense potential for cooperation between India and South Korea to bring real change in global order.