Diplomatic Relations
30th Anniversary year of Diplomatic Relations between Republic of Korea and India On the occasion of 30th anniversary year of diplomatic relations between the Republic of Korea and India, which falls on December 10, 2003, Korean Ambassador Mr. ... Ambassador Kwon expressed his satisfaction with the development in the bilateral relations since the establishment of diplomatic relations in 1973 after 11 years of consular relations. Especially since the end of the Cold War, he emphasized, the relations have steadily grown and strengthened in the field of politics, economy, culture etc. ... Regarding the commemorative programme of the 30th anniversary of the diplomatic relations, Ambassador Kwon, first of all, explained the difference in defining the period of anniversary year between India and Korea. ... Ambassador Kwon said that due to the difference of customs, Korea and India fortunately could have two-year period for celebrating the 30th anniversary of diplomatic relations between the two countries. ... Finally, Ambassador Kwon said, "Taking this opportunity, I look forward to the strengthened and enhanced multi-faceted relations between our two countries. ... " New Delhi March 27, 2003 Korea - Indian Relations I. Political Relations (Outline) The Republic of Korea and India have close relations with each other in political and diplomatic arena. Political relations between the two countries were founded when the two countries established diplomatic relations in 1973 after 11 years of consular relations. Since the end of the Cold War, the relations have steadily grown and strengthened by a number of high-level visits. ... The reciprocal visits by Indian Prime Minister to Korea and Korean President to India gave new impetus to bilateral relations. ... The relations between the parliaments of the two countries, however, are modest but going to revive. ... (Future prospects) The two countries are endowed with the necessary conditions to further strengthen their political relations. ... Korea and India are keen to inject some strategic content into their bilateral relations and, as strategic partners, could contribute for establishing a stable balance of power in the Asia-Pacific region. ... Economic Relations (Outline) The introduction of economic reforms in India in 1991opened a new chapter for the development of bilateral economic cooperation between Korea and India. The economic relations between the two countries now encompass a wide range of fields. ... The overall economic relations between Korea and India are poised for a significant leap in years to come in view of the synergic constellation between these two countries. ... In order to further develop Korea-India bilateral trade relations, various measures should be implemented by the Indian government aimed at liberalising trade in line with the new Exim Policy for 2002-2007, which sets the target of achieving 1% of worlds total trade volume (currently 0. ... Tourism / Cultural Relations (Outline) Koreas cultural relations with India are growing. ... It advocates promoting substantial cooperation between the two Koreas and achieving military confidence-building, as well as supporting the normalization of relations between North Korea and the US, and North Korea and Japan, thereby building a peaceful regime on the Korean Peninsula. This policy will be pursued on the basis of the following four principles; - to try to resolve all pending issues through dialogue, - to give priority to building mutual trust and upholding reciprocity, - to seek active international cooperation on the premise that South and North Korea are the two main actors in inter-Korean relations, - to enhance transparency, expand citizen participation, and secure bipartisan support. ... 5 billion ▶ Diplomatic Relationship Apr. ... 1973 The Republic of Korea establishes diplomatic relationship with India. ... 1973 Presidential Diplomatic Adviser Kyu-ha Choi Dec.