Page-4 of India-South Korea Current Affairs, GK & News

India, South Korea to ink pact for seafarers, boost bilateral ties

India and South Korea signed mutual recognition of certificate of competency of seafarers to provide Indian seafarers employment on over 500 Korean ships. It was signed during four-day visit of Shipping, Road Transport & Highways Minister Nitin Gadkari to South Korea. Key Facts The agreement will boost bilateral ties between both countries in ports and ..

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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 ..

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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, ..

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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 ..

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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 ..

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