INDIA SOUTH KOREA RELATIONS
Indian market faces AI narrative problem; it'll be smallcaps over largecaps for next 5 years: Manish Gunwani
Indian stock market valuations are attractive. However, global investor focus on Artificial Intelligence is diverting capital away from emerging markets like India. Foreign institutional investor flows are expected to remain subdued unless the AI theme slows or India implements significant structural reforms. Bandhan AMC is investing in manufacturing exporters and metals. The IT sector faces a long-term slowdown.
India, South Korea to upgrade trade pact, deepen tech and supply chain ties
India and South Korea will resume talks to upgrade their economic partnership agreement. The goal is to increase bilateral trade to 50 billion dollars by 2030. Both nations will also enhance cooperation in critical technologies and supply chains. An economic security dialogue will be established. Discussions will cover shipbuilding, steel, and sustainability. Industrial collaboration will expand through new agreements.
Labour union of Hyundai Motor demands 30% company's net profit as performance bonuses
Hyundai Motor Group's labor union is demanding a significant performance bonus. They seek 30 percent of last year's net profit, amounting to over 3 trillion won. The union also wants a monthly base salary increase and higher standard bonuses. Job security, an extended retirement age, and more hiring are also key demands.
Oil tanker exits Hormuz, heading to South Korea's HD Hyundai Oilbank, data shows
The Malta-flagged oil tanker Odessa, capable of carrying 1 million barrels, passed through the Strait of Hormuz on April 13. After its AIS tracker was switched off, the Suezmax vessel reappeared near the UAE's Fujairah port and is now heading to South Korean refiner HD Hyundai Oilbank. The refiner confirmed the tanker's destination but declined to comment on its cargo.
PM Narendra Modi meets South Korea President Lee Jae-myung at Hyderabad House in New Delhi
Prime Minister Narendra Modi on Sunday held a bilateral meeting with South Korean President Lee Jae Myung at the Hyderbad House in the national capital. Both the leaders were also seen planting a tree under the 'Ek Ped Maa Ke Naam' initiative.
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India, Korea can give new direction to multilateralism amid mounting challenges: South Korean Prez Lee
South Korean President Lee Jae Myung envisions a strengthened special strategic partnership with India, focusing on trade, technology, critical minerals, defence, and shipbuilding. He highlighted shared values and the need for close cooperation amidst geopolitical uncertainty, aiming to deepen comprehensive ties for mutual growth and innovation.
South Korea's Lee Jae-myung in India for talks on shipping, AI
South Korean President Lee Jae-myung received a red-carpet welcome in New Delhi for talks with Prime Minister Narendra Modi. Discussions focused on shipbuilding, AI, semiconductors, and critical technologies, aiming to strengthen their strategic partnership amidst global economic instability. Both leaders also addressed regional peace and bolstering their economic cooperation.
South Korea's Lee to seek big boost in economic ties in summit with PM Modi
South Korean President Lee Jae Myung is in New Delhi for talks with Indian Prime Minister Narendra Modi. The visit aims to significantly increase economic ties, focusing on shipbuilding. Both nations plan to nearly double bilateral trade to $50 billion by 2030. Cooperation may also expand into finance, artificial intelligence, and defense. India's role in global production is highlighted.
JSW Steel and POSCO form joint venture for steel plant in Odisha amid South Korean President's India visit
JSW Steel and South Korea's POSCO Group are partnering to build a new steel plant in Odisha. This joint venture will have a production capacity of 6 million tonnes per annum. The deal signifies deepening strategic ties between the two major steel producers. This collaboration aligns with JSW Steel's expansion goals.
North Korea again tests cluster munitions in a launch observed by Kim Jong Un and his daughter Ju Ae
North Korea conducted its second ballistic missile test this month, featuring cluster bomb warheads, likely to enhance its ability to penetrate U.S. and South Korean defenses. Leader Kim Jong Un oversaw the launch of upgraded Hwasong-11 Ra missiles, expressing satisfaction with their high-density striking capability.
North Korea launches multiple ballistic missiles into sea off east coast
North Korea has escalated tensions by launching multiple ballistic missiles into the sea, as verified by South Korea's military from the Sinpo zone. In light of these developments, Seoul is enhancing its security protocols and syncing efforts with the United States and Japan. Japan's Defense Ministry indicated it may have detected a missile launch as well.
Backup calling, direct voicemail features in smartphones originated in India: Samsung official
Samsung's India research team is a powerhouse of innovation. Features like backup calling and direct voicemail, crucial for modern smartphones, originated here. These advancements are now integrated into Samsung devices worldwide. The Noida facility also contributes to AI-driven features like call screening and privacy display, showcasing India's significant role in global technology development.
Piyush Goyal engages with South Korean, Austrian leadership to deepen economic ties
Union Minister of Commerce and Industry, Piyush Goyal, advanced India's trade agenda through a series of diplomatic engagements on Thursday, holding a virtual meeting with South Korean Trade Minister Yeo Han-koo and an in-person session with Austrian Federal Chancellor Christian Stocker. The meetings, focused on bilateral investment and technological synergy, resulted in the signing of a new mechanism aimed at accelerating business resolutions between India and Austria.
India-South Korea shipbuilding collaboration to receive mega boost from Presidential visit next week
South Korean President Lee Jae Myung visits India from April 19-21. The visit prioritizes shipbuilding, especially LNG tankers, under the 'Make in India' initiative. Technology transfer and scaling up production are key. Collaborations will also cover semiconductors, civil nuclear energy, and defense manufacturing. This aims to boost the Special Strategic Partnership between the two nations.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India is a crucial moment. The two nations can build a strong strategic economic partnership. They can create a new axis of resilience in Asia. This partnership will focus on manufacturing, technology and defence. It aims to address global insecurity and fractured supply chains.
Seoul to Delhi, Asia’s new economic axis
South Korean President Lee Jae-myung's visit to India arrives at a critical juncture for global economic stability. The two Asian powers are poised to forge a strategic economic partnership, moving beyond traditional trade to co-build industrial capacity in semiconductors, green mobility, and advanced manufacturing.
Korean AI chip startup DEEPX, Hyundai work on robots powered by generative AI
South Korean AI chip maker DEEPX is joining forces with Hyundai Motor Group. They will create a new computing platform for generative AI robots. This platform will use DEEPX's advanced, low-power chips. The company is also seeking significant funding. This move positions DEEPX for a potential stock market listing. Their technology aims to make robots smarter and more efficient.
India’s trade deficit narrows to $20.67 billion in March on West Asia risks
India's trade deficit saw a significant reduction in March. Exports increased while imports decreased. This improvement occurred despite rising tensions in West Asia. Geopolitical risks could impact future trade. Services exports continue to drive growth for India. Merchandise exports also saw a modest rise.
North Korea showing 'serious increase' in ability to make nuclear weapons: IAEA chief
North Korea is showing a "very serious increase" in its ability to produce nuclear weapons, the head of the International Atomic Energy Agency said in Seoul on Wednesday. "All that points to a very serious increase in the capabilities of (the) DPRK in the area of nuclear weapons production, which is estimated at a few dozen warheads," he said, referring to North Korea by its official name. sjh-mjw/mtp
Johnny Somali sentenced to six months with hard labor in South Korea over livestream antics
YouTuber Johnny Somali has been sentenced to six months in prison with hard labor in South Korea for lewd behavior, including kissing a statue symbolizing victims of Japan's wartime sexual slavery. He was convicted of obstruction of business and distributing fabricated sexual images. The sentence also includes a five-year employment ban at institutions for children, teens, and people with disabilities.
Korean AI chip startup DeepX prepares public share offering
The on-device AI chip company, which works with Hyundai Motor and Baidu, plans to select banks to manage its initial public offering after wrapping up its ongoing funding round in the first half of this year, DeepX CEO Lokwon Kim told Reuters.
Trump nominates former lawmaker Michelle Steel as US ambassador to South Korea
U.S. President Donald Trump has nominated Michelle Steel, a former California congresswoman, for the U.S. ambassador role in Seoul. This position has been vacant throughout his second term. South Korea's presidential office expressed anticipation for Steel's appointment to strengthen bilateral ties. Steel, a Korean-American Republican, previously served two terms in Congress. The nomination now awaits congressional approval.
South Caucasus emerges as crucial transit hub for India's Iran evacuations
Armenia and Azerbaijan have aided India in recent weeks. Armenia helped repatriate fishermen. Azerbaijan facilitated the evacuation of Indian embassy staff and families from Iran. Nearly 1,800 Indian nationals were brought home with Iranian authorities' help. This comes as India and Azerbaijan explore confidence-building measures and dialogue to reset ties.
South Korea launches online hub to attract international students
South Korea has launched a permanent online promotion hub and live admission webinars to attract more international students. This initiative by the Ministry of Education offers comprehensive information on universities, scholarships, visas, and employment, replacing short-term fairs with a continuous system for prospective students and institutions.
South Korea president Lee Jae Myung clashes with Israel on rights, disinfo claims
Seoul's President Lee Jae Myung has criticised Israel over rights abuse allegations. Israel's foreign ministry stated the incident Lee mentioned was already addressed. President Lee insists on global reflection regarding human rights. South Korea generally maintains a balanced stance on Middle East conflict.
North Korea says its latest weapons tests included missiles with cluster-bomb warheads
North Korea said its latest three-day weapons tests included new systems such as ballistic missiles with cluster-bomb warheads, anti-aircraft weapons and electromagnetic systems, as it expands its nuclear-capable arsenal aimed at South Korea.
North Korea fires missiles toward sea after ridiculing South's hopes for better ties
North Korea launched ballistic missiles towards the sea for the second time in two days. This follows harsh insults directed at South Korea's desire for improved relations. South Korea remains on alert with its US ally. A previous launch on Tuesday was detected but likely failed.
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