기관회원 [로그인]
소속기관에서 받은 아이디, 비밀번호를 입력해 주세요.
개인회원 [로그인]

비회원 구매시 입력하신 핸드폰번호를 입력해 주세요.
본인 인증 후 구매내역을 확인하실 수 있습니다.

회원가입
서지반출
India’s Rising Significance in Korea’s Economic Landscape
[STEP1]서지반출 형식 선택
파일형식
@
서지도구
SNS
기타
[STEP2]서지반출 정보 선택
  • 제목
  • URL
돌아가기
확인
취소
  • India’s Rising Significance in Korea’s Economic Landscape
저자명
Kyunghoon Kim
간행물명
KIEP Opinions
권/호정보
2023년|pp.1-4 (4 pages)
발행정보
대외경제정책연구원|한국
파일정보
기타|ENG|
PDF텍스트
주제분야
사회과학
서지반출

영문초록

In 2022, India ranked 11th in Korea’s trade, 22nd in overseas investment, and 76th in development financing. These numbers suggest that India has been at the periphery of Korea’s international economic radar. This situation is about to change in a spectacular way. Consider three cases: (1) Hyundai is planning to expand its car production capacity from 700,000 to 1 million by the mid-2020s in India, where its largest overseas production base is situated. (2) Samsung has increased India’s share of its mobile phone production to around 20%. In India, Samsung is now producing high-end models and investing heavily in R&D. (3) The Korean government plans to rapidly expand development financing for India. The budget will increase ten-fold in 2024. The increase will be the largest among Korea’s priority partners, increasing India’s rank from 25th in 2022 to 7th in 2024. These three cases are important signals that suggest Korea has begun to make a big bet on India. Korea sees India as a competitive manufacturing base, a vibrant innovation hub, and a key strategic partner. Korea tends to take its time in considering a change of direction, but when it decides, it moves quickly. We are about to see this pattern repeated in Korea’s sprint to India.