India and South Korea are working to elevate their bilateral trade from $27 billion to $50 billion by 2030. During a meeting between Prime Minister Narendra Modi and South Korean President Lee Jae Myung, both leaders emphasized the importance of enhancing cooperation across various sectors, including critical technologies and supply chains. They announced plans to finalize an upgraded trade agreement by next year. Key initiatives include the launch of an India-Korea digital bridge aimed at fostering partnerships in artificial intelligence, semiconductors, and information technology. Additionally, a Korean industrial township will be established in India to facilitate the entry of South Korean small and medium enterprises (SMEs). The discussions also addressed the current unrest in West Asia and its implications for regional security. Both countries condemned terrorism in all forms and agreed to establish annual leader-level meetings to ensure continuous engagement and guidance for their strategic partnership.