NEW DELHI: Commerce and industry minister Suresh Prabhu has held talks with top representatives of Korean industries in Seoul, the commerce ministry said in a statement on Saturday. The minister, who was on a three-day visit to South Korea, also discussed ways to increase business cooperation, it added.
Prabhu travelled to Korea to participate in the 7th Asia-Europe Economic Ministers meeting and the 3rd Joint Ministerial Review of the India-Korea Comprehensive Economic Partnership Agreement. At the ASEM meeting, the minister underlined the emergence of India as one of the world’s leading investment destinations.
The minister also exchanged views on the prospects for more business cooperation with executives of top South Korean companies including Samsung, Kia motors, Hyundai Electric and Posco. “In a detailed exchange of views with these businesses, and the Federation of Korean Industries, issues and prospects for more business cooperation were discussed,” the ministry said. Prabhu also held a meeting with the chairman of South Korea’s ruling Democratic Party ChooMi-ae. “Calling India a shining star in the global economy, Ms Choo noted that the ‘elephant was out performing the dragon’,” the statement noted.