Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
  2. 2

    CJ CheilJedang to spur overseas growth with new Hungary, US plants

    CJ CheilJedang to spur overseas growth with new Hungary, US plants
  3. 3

    Seoul to host winter festival from Dec. 13

    Seoul to host winter festival from Dec. 13
  4. 4

    Nationwide rail disruptions feared as union plans strike from Dec. 5

    Nationwide rail disruptions feared as union plans strike from Dec. 5
  5. 5

    Blackpink's solo journeys: Complementary paths, not competition

    Blackpink's solo journeys: Complementary paths, not competition
  1. 6

    N. Korea, Russia court softer image: From animal diplomacy to tourism

    N. Korea, Russia court softer image: From animal diplomacy to tourism
  2. 7

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
  3. 8

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
  4. 9

    Korean Air offers special flights for mileage users

    Korean Air offers special flights for mileage users
  5. 10

    Actor Song Joong-ki welcomes second child in Rome

    Actor Song Joong-ki welcomes second child in Rome
지나쌤

Korea, India hold meeting to expand economic cooperation

By KH디지털2

Published : March 31, 2017 - 11:27

    • Link copied

South Korea's finance ministry said Friday that it held a meeting with its Indian counterpart and discussed ways to bolster bilateral economic and financial cooperation.

At the working-level talks in New Delhi on Thursday, South Korea and India agreed to work launching the $10 billion Seoul-New Delhi financial program in the near future, according to the Ministry of Strategy and Finance.

(123RF) (123RF)

In a summit in 2015, heads of the two countries reached an agreement on the program, aimed at helping develop India's infrastructure.

The finance ministry said the two authorities will sign a deal to support the $10 billion package through the state-run Economic Development Cooperation Fund (EDCF) before June.

They also agreed to hold a finance ministers' meeting in Seoul later this year, with a detailed schedule and agenda to be discussed later, added the ministry.

India is South Korea's eighth-largest trading partner, with its exports to India hitting $11.6 billion in 2016. (Yonhap)

More from Headlines