Huge opportunity to forge partnerships in defense industry, infrastructure: Jaitley on S.Korea visit
 Source : News Bharati English  Date : 16-Jun-2017

Seoul, June 16: The Union Finance Minister Arun Jaitley on his second day of the visit yesterday was called upon President Moon Jae-in of the Republic of Korea where he highlighted the immense opportunity for two countries to forge partnerships in the defence industry, infrastructure investment and manufacturing.

Finance Minister Jaitley congratulated South Korean President Moon Jae-in on his recent election. He also conveyed him the good wishes given by Prime Minister Narendra Modi. He further recalls the Prime Minister Narendra Modi’s invitation to the South Korea’s President to visit India hoped that the two leaders would meet soon and congratulated President Moon for his vision for the region and the relationship with India.

At the meeting with Arun Jaitley, South Korean President thanked Indian PM for his good wishes for the election win, including over Twitter, recalled the PMs gesture of doing so in the Korean language.

Reminding the PMs May 11 congratulatory phone call, President Moon said “there was a strong will on both sides in building the bilateral relationship” and also highlighted that the assessment appoint a special representative to India for the first time ever by a recently elected Korean President was a strong sign of Korea’s commitment to the India relationship.

Finance Minister conveying the gratitude of PM for his resolution highlighted that such initiatives agreed with India’s Act East Policy, he stressed India's conviction that an internationally-minded Korea is good for both Asia and for other nations.

At the meeting, Arun Jaitley briefed President about his fruitful meetings with his Korean colleagues the previous day. To further take the relationship forward he also expressed the necessity for the early convening of the bilateral Joint Commission and the 2+2 Dialogue.

President Moon had a belief that India was on its way to becoming a true economic power and acclaimed the bold economic reforms in India under the leadership of PM Modi and Finance Minister Jaitley. In the process, he hoped that ROK would be a special partner and that the Special Strategic Partnership would continue to grow. He stated the presence of India’s highly skilled professionals in Korea and looking forward that such partnerships would continue to help both countries grow.

Previously in the day, the Union Minister had separate meetings with the senior leadership of premier Korean companies including the Vice Chairman of Hyundai-Kia, CEO of Samsung Electronics, Chairman of Hyosung Group, Managing Director of Hanwha Group, Chairman of Doosan Heavy Industries and the CEO of Hyundai Rotem.

Minister also separately met leaders of Korea's financial industry including the CEOs and CIOs of the Korean Investment Corporation, Korea Post, KB Financial Group, Shinhan Group, Woori Bank, Mirae Asset, Nonghyup, and Military Mutual Aid over breakfast.

On Thursday afternoon after the meet with President, Arun Jaitley conveyed the keynote address at an India-Korea Business Meeting at the Lotte Hotel. Over a hundred representatives of Korean business and industry attended the meeting.