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(SEOUL=Yonhap News) South Korea and India on Wednesday launched a joint investment platform to deepen economic ties and corporate investments between the two nation.
The investment facilitation team, called "Korea Plus," was established after President Park Geun-hye and Indian Prime Minister Narendra Modi agreed to expand bilateral economic relations in their summit in May 2015.
"Korean and Indian members will work together in New Delhi to facilitate joint ventures, new investment and Korean business in India," the Embassy of India in Seoul said. "This team was set up to provide a one-stop solution for Korean partners and to facilitate Korean business in India."
Korea Plus is composed of officials of the Ministry of Industry, Trade and Energy and the Korea Trade Investment and Promotion Agency as well as Indian trade officials.
A launch event will be held at JW Marriott Dongdaemun Square Seoul later in the day.
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Source: Yonhap News (Nov. 9, 2016)