President Moon Jae-in has expressed hope that South Korea and India will open a new era of strategic cooperation. 

Moon made the remark in a joint press statement following his summit on Tuesday with Indian Prime Minister Narendra Modi in New Delhi. 

He said they agreed to expand bilateral economic cooperation utilizing their mutually complementary economic structures and cooperation potentiality and to increase bilateral trade from 20 billion dollars to 50 billion dollars by 2030. 

The South Korean leader said he and Modi also shared the perception that it's the right time to actualize a special strategic partnership and develop it further. 

Noting that South Korean companies operating in India are assisting bilateral economic cooperation in conjunction with the Indian government’s economic policies, Moon hoped South Korean companies’ investment in the South Asian nation will become more active and lay the groundwork for joint prosperity. 

Moon said they also agreed to reinvigorate people-to-people exchanges to broaden mutual understanding between the two countries. 

[Photo : YONHAP News]