Expert says Seoul wants to strengthen ties on economic and strategic fronts.
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Expert says Seoul wants to strengthen ties on economic and strategic fronts.
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One of the major foreign policy initiatives of President Moon Jae-in of South Korea is the government’s ‘New Southern Policy’, with a goal of deepening ties with South East Asian nations as well as India and building an inclusive regional architecture in Asia.
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South Korea’s main policy objective was not to get subsumed into the U.S.-China rivalry in Asia.
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He added that South Korea, as part of this strategy, wants to build stronger ties with ASEAN and India on multiple fronts ”” economic, bilateral and strategic.
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India and South Korea have agreed to boost bilateral trade to $50 billion by 2030 from $20 billion now.
Source
The Hindu