Union Minister for Finance, Corporate Affairs arrived in Seoul,

Newdelhi:15/6/17:On the First leg of his 4-day official visit to Republic of Korea, the Union Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley arrived in Seoul, capital of Republic of Korea today. After his arrival, the Union Minister for Finance, Corporate Affairs and Defence, Shri Arun Jaitley co-chaired the Fifth India-Korea Financial Dialogue with the newly-appointed Deputy Prime Minister and the Finance Minister of the Republic of Korea, Mr Kim Dong-yeon. Noting that the Finance Minister of India, Shri Jaitley is the First Foreign Dignitary to be received in his tenure, the Deputy PM and Finance Minister, Republic of Korea (ROK), Mr. Kim emphasized the importance that the new Government of ROK attaches to the development of the special strategic partnership with India. The two Ministers reviewed the international economic situation, and India-Korea bilateral economic ties in that context. They agreed that in the face of uncertainty and the risk of rising protectionism, there was an urgent need for the two countries to increase efforts to stimulate investment flows, support for infrastructure development, and bilateral trade among others.  As the world’s fastest growing large economy, India offers Korea important opportunities to deploy its capital and technologies in India, and for India, South Korea’s interest in finding new openings to diversify its economic partnerships offers India great opportunities.