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On His Maiden Visit to India, South Korean President Moon Jae-in to Inaugurate Samsung Factory

The South Korean president will call on President Ramnath Kovind, Vice President Venkaiah Naidu, Prime Minister Narendra Modi, External Affairs Minister Sushma Swaraj. Jae-in will be inaugurating a Samsung plant in Noida along with Modi.

Aishwarya Kumar | News18.com@aishwaryak03

Updated:July 9, 2018, 1:31 PM IST
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On His Maiden Visit to India, South Korean President Moon Jae-in to Inaugurate Samsung Factory
External Affairs Minister Sushma Swaraj and South Korean President Moon Jae-in shake hands at a meeting, in New Delhi on Monday.(Photo: PTI)
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New Delhi: South Korean President Moon Jae-in is in India on his maiden state visit. Moon Jae-in is on a four day visit and will be in India till July 11.

NA statement from Ministry of External Affairs has now confirmed that he will be accompanied by First Lady Kim Jung-sook and senior members of his cabinet.

“We expect the visit to open new avenues for expansion of our partnership, particularly in the economic domain. For us, ROK is a valued economic partner. Our bilateral trade last year surpassed USD 20 billion and investments are rising. Korean brands are already household names in India. ROK is also partnering in many of our flagship projects like ‘Make in India’, ‘Skill India’, ‘Digital India’, ‘Start-Up India’ etc. A financing arrangement of USD 10 billion has been set by the ROK side for infrastructure development in India. We have set up a ‘Korea Plus’ cell within Invest India to fast-track Korean investments in India,” official spokesperson Raveesh Kumar said recently.

The South Korean president will call on President Ramnath Kovind, Vice President Venkaiah Naidu, Prime Minister Narendra Modi, External Affairs Minister Sushma Swaraj. Jae-in will be inaugurating a Samsung plant in Noida along with Modi.

“As you are aware, Prime Minister Narendra Modi had visited ROK in May 2015. The visit had witnessed elevation of our relations to a ‘Special Strategic Partnership’. Our relationship has since expanded in several dimensions. For us, a strong partnership with ROK is a logical extension of our ‘Act East Policy’,” MEA said, adding that defence and security cooperation had steaidly grown.

The visit comes two months after a meeting between minister of state for external affairs General VK Singh and North Korean officials in Pyongyang two months ago.

In May, General VK Singh held discussions on a host of issues with Kim Yong Dae, vice-president of the Presidium of the Supreme People’s Assembly; Ri Yong Ho, foreign minister; Pak Chun Nam, minister of culture; and Choe Hui Chol, vice foreign minister of the Democratic People's Republic of Korea. Topics discussed included political, regional, economic, educational and cultural cooperation between the two countries.

Singh’s visit was preceded by a historic diplomatic breakthrough earlier last month when Jae-in and his North Korean counterpart Kim Jong Un signed a peace treaty to remove nuclear weapons from their backyards.

External affairs minister Sushma Swaraj had, in her recent annual press conference, said that while India did not intend to play the role of a mediator between the US and North Korea, it would continue to nurture its democratic ties with the former.

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