South Korean President Lee Jae-myung received a red-carpet welcome in New Delhi as he began his state visit to India. On Monday, he held key talks with Indian Prime Minister Narendra Modi focusing on shipbuilding and artificial intelligence (AI) as major agenda items. The meeting also included discussions on trade, investment, semiconductors, and emerging technologies, according to India’s Ministry of External Affairs.

In a social media statement, President Lee said that amid global economic instability and supply chain disruptions following conflicts in the Middle East, South Korea and India are becoming vital strategic partners for each other. Ahead of the visit, South Korea’s National Security Advisor Wi Sung-lak noted that the two leaders would also discuss maintaining regional peace, including on the Korean Peninsula.

The two countries are working to strengthen their 2010 economic partnership agreement. Bilateral trade has grown from 14.2 billion to 26.89 billion dollars in the 2024–25 fiscal year, marking nearly a 90 percent increase.