South Korean President accorded ceremonial reception in Delhi

New Delhi, Jan.16: South Korean President Park Geun-hye, who is on a four-day state visit to India to hold talks over global issues for boosting bilateral relations, received a ceremonial reception at the Rashtrapati Bhavan here on Thursday.

President Park Geun-hye arrived in New Delhi on Wednesday evening for an official four-day visit that would conclude on January 18.

South Korea’s first woman President would hold delegation level talks with Prime Minister Manmohan Singh and discuss bilateral, regional and global issues.

The daughter of former president Park Chung-hee, who ruled South Korea for almost two decades, Park took over as president in February last year.

The visit will expand and strengthen the India-Republic of Korea Strategic Partnership.

The South Korean President would also meet India’s Vice-President Hamid Ansari, Foreign Minister Salman Khurshid and other dignitaries during her four-day visit.

President Park Geun-hye has been accompanied by a high-level delegation which includes the Foreign Minister, the Minister for Science, ICT and Future Planning, and the Minister for Trade and Industry.

Reportedly, the two sides tend to enhance their partnership in the fields of information technology, aerospace and other high-tech industries, where India has global competitive advantages and also in the field of space.

During the visit, the two nations are set to discuss the need for increasing the level of trade as well as preventing double taxation for companies.

South Korea is a major investment partner of India.

According to sources, Park had stressed on her desire to revise the bilateral Comprehensive Economic Partnership Agreement (CEPA).

As of now, about 300 Korean companies function across the country while Indian companies in the areas relating to motor vehicles, IT and pharmaceuticals have a marked presence in South Korea.

The two nations also have a wide-ranging defence relationship.(ANI)