Prime Minister Narendra Modi, who is on Tri-nation tour, has signed seven important pacts with South Korea. The nations have agreed to upgrade bilateral relationship to “special strategic partnership” and deepen cooperation in defence sector. Modi held wide-ranging talks with South Korean President Park Geun-hye at Cheong Wae Dae. The Prime Minister said South Korea is the second country (after Japan) with which India will have a diplomatic and security dialogue in 2+2 format.

Modi in South Korea : Agreements Signed between India and South Korea

1. Agreement for the avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income.

2. Co-operation in Audio-Visual Co-Production.

3. Co-operation between the National Security Councils of two countries.

4. Co-operation in the field of electric power development and New Energy Industries.

5. Co-operation in Youth Matters.

6. Co-operation on the field of Road Transport and Highways.

7. Co-operation on the filed of Maritime Transport and Logistics.

PM Modi welcomed South Korea’s diplomatic efforts to maintain peace and stability on the Korean Peninsula.

Tidbits

• South Korea is East Asia’s highest ranked developed country in the Human Development Index.
• South Korea was ranked as the world’s most innovative country in the Bloomberg Innovation Index.
• Seoul is the Capital of South Korea.
• South Korea’s currency is South Korean Won.

GK Questions

• Name the famous martial art which was originated in Korea? Taekwondo
• Which country in the World has the fastest internet connectivity speed? South Korea