US$ 4,882mn
FDI inflow into India from April 2000 to March 2021

US$17.45bn

is bilateral trade value in 2020-2111

13,585
Indians living in South Korea

4th

largest economy in Asia, with a GDP of US$ 1.6 trillion

12th

largest economy in the world in terms of gross domestic product (GDP)

Ship building

One of the world's largest ship builders

5th

largest manufacturer in the world, of passenger cars and auto parts

6th

largest steel manufacturer in the world

Strong

capabilities in mobile phones, consumer electronics, household whitegoods manufacturing

Trade

5th largest exporter and 9th largest importer in the world

Beauty

South Korea is widely viewed as the epicentre of beauty trends, innovation and technology

Competitiveness

South Korea is the 15th most competitive nation in the world out of 140 countries ranked in the Global Competitiveness Report 2018 published by the World Economic Forum

India's Exports and Imports to Republic of Korea

Value in US$ Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 76.52 110.88 44.84 57.55 26.99
2 %Growth 44.89 -59.56 28.35 -53.11
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.02 0.04 0.02 0.02 0.01
6 IMPORT 131.93 87.9 88.59 25.08 3.01
7 %Growth -33.37 0.79 -71.69 -87.98
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.03 0.02 0.02 0.01 0.00
11 TOTAL TRADE 208.45 198.78 133.43 82.63 30.00
12 %Growth -4.64 -32.87 -38.07 -63.69
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.03 0.03 0.02 0.01 0
16 TRADE BALANCE 22.98 32.47 23.97
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

Invest Korea

+82-1600-7119

Visit Website

13, Heolleung-ro, Seocho-gu, Seoul, Republic of Korea

Embassy of India, Seoul

hoc.pyongyang[@mea.gov.in

+850-2-381-7215

Visit Website

6, Munsudong, District Daedonggang, Pyongyang, DPR Korea

Opportunities

Agricultural exports

    Other juices (200989)

    agriexchange.apeda.gov.in

    Beer made from malt (220300)
    Ethyl alcohol & oth. spirits, denatured, of any strength (220720)
    Mineral waters (nat./art.) & aerated waters, not cont. added sugar/oth. swe … (220110)
    Whiskies (220830)
    Wine other than sparkling wine of fresh grapes, incl. fortified; grape must with fermentation prevented/arrested by the addition of alcohol, in containters of 2 l/less (220421)

    agriexchange.apeda.gov.in

    Cuts & edible offal of species Gallus domesticus, frozen (020714)
    Edible offal of bovine animals (excl. tongues & livers), frozen (020629)
    Edible offal of swine (excl. liver), frozen (020649)
    Edible parts of plants, prepd./presvd., whether or not cont. added sugar/ot … (200899)
    Guts, bladders & stomachs of animals (other than fish), whole & pieces ther … (050400)
    Meat of bovine animals, fresh/chilled (excl. of 0201.10), bone-in (020120)
    Meat of bovine animals, fresh/chilled, boneless (020130)
    Meat of bovine animals, frozen (excl. of 0202.10), bone-in (020220)
    Meat of bovine animals, frozen, boneless (020230)
    Meat of sheep (excl. lamb & carcasses), frozen, bone-in (020442)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), fresh/chilled (020319)
    Meat of swine (excl. carcasses/half-carcasses/hams/shoulders & cuts thereof ), froxen (020329)

    agriexchange.apeda.gov.in

    Bread, pastry, cakes, biscuits & oth. bakers’ wares n.e.s. in Ch.19, whethe … (190590)
    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)
    Sweet biscuits (190531)

    agriexchange.apeda.gov.in

    Undenatured ethyl alcohol of an alcoholic strength by volume of 80% vol. (220710)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)
    OTHR EDBL MXR/PRPNS OF ANML/VEGTBL FATS/ OILS/OF FRACTNS OF DIFFRNT FATS/OILS (151790)
    Preparations for infant use, put up for RS (190110)
    Prepared/presvd. preps. of fowls of the genus Gallus domesticus (excl. homo … (160232)
    Sauces & preps. therefor, n.e.s.; mixed condiments & mixed seasonings, n.e. … (210390)

    agriexchange.apeda.gov.in
Employment Opportunities

*Information subject to changes amid the global COVID-19 pandemic.

    Academic research and doctoral-level studies

    South Korea ranks 12 out of the 35 countries in the Economist Intelligence Unit’s “Worldwide Educating for the Future Index.” South Korean universities attract large number of students and researchers from around the world.

    Ministry of EducationEmployment Permit System

    Public and private infrastructure building, maintenance

    South Korea’s construction sector has been a leading force of export earnings for the economy. Construction of civic infrastructure and connectivity projects have been supported by foreign workers at different levels in South Korea.

    Ministry of Land, Infrastructure and TransportEmployment Permit System

    Artist, athlete, leader of art, culture and sport sector

    South Korean has a strong interest in culture, art and sport sector by accessing easily through IT development. South Korean been contributing to expand culture area and rich culture experiences.

    Ministry of Culture, Sports and TourismEmployment Permit System

    Doctors, nurses, radiologists, lab technicians

    Economic development has aided steady improvement in healthcare in South Korea. South Korea attracts healthcare workers ranging from doctors to nurses and lab technicians.

    Ministry of Health and WelfareEmployment Permit System

    Software, hardware, new technology

    South Korea’s technological capabilities currently meet or exceed global standards, powered by the best of talent from around the world. The IT and ICT infrastructure in South Korea has been set up and is supported by foreign workers.

    Ministry of Science and ICTEmployment Permit System

    Automobile to food products production

    Manufacturing is a major driving force behind South Korea’s rapid economic growth, cementing the nation as an industrial giant. The manufacturing industry in South Korea, covering a range of products, draws foreign manpower.

    Ministry of Trade, Industry and EnergyEmployment Permit System

    Faculty positions up to university

    South Korea has one of the highest teacher-to-student ratio among developed economies. The education sector in South Korea, ranging from schools to universities, draw foreign teaching staff from different disciplines.

    Ministry of EducationEmployment Permit System
Minerals

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Republic of Korea
  • Automobile parts
  • Telecommunication equipment
  • Hot rolled iron products
  • Petroleum refined products
  • Mechanical appliances
  • Electrical machinery and parts
India's top export to Republic of Korea
  • Mineral fuels and oil distillates (mainly naphtha)
  • Cereals and agricultural products
  • Iron and steel

Bilateral Investors

Country News