South Korea, India boost trade ties amid global tensions

In India on 20 April 2026, South Korea's president Lee visited and held talks with PM Modi, who hosted him. The two countries plan to double trade to $50 billion by 2030 with new deals.

Lee and Modi agreed to deepen ties in AI and chips, energy supply chains, shipping, technology, culture and defense. Lee pledged cooperation with India on Hormuz security, and both leaders agreed that stability in the Middle East is crucial for the world economy. Seoul said they agreed to take ties to a 'whole new level'.