India-South Korea Trade Target Set at USD 50 Billion by 2030

India and South Korea have set an ambitious India South Korea trade USD 50 billion target by 2030, aiming to nearly double current trade levels as both countries move to strengthen economic ties amid rising global uncertainty.

The decision follows high-level talks focused on boosting cooperation in key sectors while addressing disruptions caused by ongoing tensions in West Asia.

The two sides agreed to upgrade their existing Comprehensive Economic Partnership Agreement (CEPA) within the next year to unlock greater market access and remove trade barriers.

Officials stressed that expanding bilateral trade will rely heavily on collaboration in critical and emerging technologies, including semiconductors, artificial intelligence, electric vehicle batteries, and clean energy.

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Alongside trade expansion, both countries are working to build more resilient supply chains. With global logistics under pressure, India and South Korea are looking to secure steady flows of critical minerals, components, and energy resources. The India South Korea trade USD 50 billion plan also includes reducing dependency on volatile regions and creating alternative supply routes.

Investment is expected to play a key role in achieving this target. South Korean companies are likely to increase their presence in India, particularly in manufacturing and infrastructure. Plans for dedicated industrial zones and stronger support for small and medium enterprises were also discussed to deepen business engagement.

The talks also covered expanding cooperation into sectors such as shipbuilding, defense production, steel, and digital industries. Both nations see these areas as long-term growth drivers that can strengthen economic resilience.

This push reflects a broader strategy to build stable, future-ready partnerships in Asia. As global trade faces continued uncertainty, India and South Korea are positioning themselves as reliable partners focused on growth, technology, and supply chain security.