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This is an archive article published on September 13, 2023
South Korea committed to boosting defence ties with India, says envoy
Both leaders agreed to strengthen cooperation in defence, said Chang Jae Bok, referring to K9 Vajra, a 52-calibre tracked self-propelled howitzer designed by a South Korean company.
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South Korea will provide USD 4 billion to India as a line of credit over the next three years for “high-value” projects, he said.
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South Korea committed to boosting defence ties with India, says envoy
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South Korea is willing to share technology on submarines and missile systems with India to strengthen defence cooperation, the country’s envoy Chang Jae Bok said Tuesday.
Briefing the media about the meeting between the South Korea President Yoon Suk Yeol and Prime Minister Narendra Modi on the sidelines of the G20 Summit over the weekend, the envoy said the two leaders had “productive discussions”. The meeting between the two leaders was scheduled for 20 minutes but lasted more than 40 minutes, the envoy added.
Both leaders agreed to strengthen cooperation in defence, said Chang Jae Bok, referring to K9 Vajra, a 52-calibre tracked self-propelled howitzer designed by a South Korean company.
South Korea is “totally committed” to expanding its defence cooperation with India, the envoy said, adding the two leaders also agreed to improve strategic communication and cooperation.
South Korea will provide USD 4 billion to India as a line of credit over the next three years for “high-value” projects, he said.
“India and South Korea have agreed that Korea will provide an amount of USD 4 billion during 2023-25… we need more discussion within the government officials. The first step is to sign the framework agreement… so that was discussed between the two leaders,” he said, adding the two sides also agreed to upgrade the Comprehensive Economic Partnership Agreement.
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