Sahyog-Hyeoblyeog 2018: India, South Korea joint anti-piracy, search and rescue exercise

India, South Korea joint anti-piracy, search and rescue exercise ‘Sahyog-Hyeoblyeog 2018’ was conducted in Bay of Bengal off the Chennai coast in Tamil Nadu. The exercise was conducted between Indian Coast Guard (ICG) and Korean Coast Guard (KCG) as part of proposed establishment of MoU between them to improve maritime security in Indian Ocean Region ..

Month: Current Affairs - April, 2018

Category: Defence Current Affairs

Topics: Bay of Bengal • Coast Gaurds • Defence • India-South Korea • Indian Coast Guard • Naval Exercises • Sahyog-Hyeoblyeog 2018

Government bans import of gold, silver items from South Korea

The Directorate General of Foreign Trade (DGFT) in the Union Commerce Ministry has banned duty free imports of gold, silver items from South Korea. These restrictions were imposed against the backdrop of sudden surge in imports of precious metals from South Korea, with which India has a free trade agreement (FTA) since January 2010. Now, ..

Month: Current Affairs - August, 2017

Topics: DGFT • Directorate General of Foreign Trade • Free trade agreement • Gold Imports • India-South Korea • National • Trade

India-South Korea sign Agreements to Push Infrastructure Development and Bilateral Trade

India and South Korea has signed an agreement for $10 billion assistance for infrastructure development projects in India, including smart cities. It includes $9 billion in concessional credit and $1 billion in Official development assistance (ODA). Part of this fund will be utilised towards Smart City projects in India. With this agreement, South Korea has become one of the first non-G-7 countries ..

Month: Current Affairs - June, 2017

Topics: Bilateral Relations • India-International Relations • India-South Korea • International

India-South Korea sign MoU on shipbuilding

A MoU has been signed between India and South Korea for defence industry cooperation in shipbuilding. Under the MoU, the two countries would recommend the organisations for collaborating in the implementation of specific projects. The MoUs signed will be valid for a time period of 5 years and are automatically extendable for further successive five ..

Month: Current Affairs - April, 2017

Topics: Defence • India-International Relations • India-South Korea • National

India, South Korea launch Korea Plus platform to promote investments

India and South Korea have launched a platform ‘Korea Plus’ to promote and facilitate Korean Investments in India. It was launched by the Union Commerce and Industry Minister Nirmala Sitharaman and her South Korean counterpart Joo Hyunghwan in New Delhi. Key Facts The mandate of Korea Plus platform covers the entire investment spectrum including supporting ..

Month: Current Affairs - June, 2016

Topics: Business • Economy • India-South Korea • Korea Plus • National