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South Korea·India·Diplomacy·Trade & Economy·Energy

South Korea's President Lee and India's PM Modi hold summit on economic ties and supply chain security[Updated]

Monday, 20 April 2026, 08:07 · 2 min read
Updates
1d

Speaking to Korean residents in New Delhi ahead of his Monday summit, Lee said he hopes the meeting with Modi will serve as a 'turning point' in bilateral relations, pledging to upgrade ties to a 'completely different level.' He highlighted that both South Korea and India rely heavily on imported energy and raw materials as a basis for deepening strategic cooperation. South Korea and India established diplomatic relations in 1973 and elevated their partnership to a 'special strategic partnership' in 2015.

Sources
2d

Lee and his wife, first lady Kim Hea Kyung, touched down at Palam Air Base in New Delhi on Sunday, where they were greeted by Indian officials. The upcoming summit with Modi will mark their third in-person meeting, following previous encounters on the sidelines of the G7 and G20 summits last year. Lee is also scheduled to meet with members of the Korean community in India and attend a business forum aimed at supporting Korean companies operating there, with India serving as a key production hub for Korean electronics and automotive firms.

Sources
Original story

South Korean President Lee Jae Myung met Indian Prime Minister Narendra Modi in New Delhi on Monday for bilateral summit talks centred on deepening economic cooperation and strengthening the two countries' strategic partnership at a moment of significant global uncertainty.

The summit, held at Hyderabad House in the Indian capital, focused on expanding cooperation in artificial intelligence, defence, and the shipbuilding and shipping industries, while broadening bilateral manufacturing collaboration beyond its current concentration in electronics and vehicles. Both leaders also addressed the pressing issue of global supply chain stability and energy security — areas of acute concern for two nations that are heavily dependent on imported energy.

A key backdrop to the talks is the ongoing war between the United States and Iran, which has raised fears over disruptions to critical maritime routes. In an interview published on the day of the summit, President Lee emphasised the importance of joint efforts between Seoul and New Delhi to ensure safe passage through the Strait of Hormuz — the narrow waterway between the Persian Gulf and the Gulf of Oman through which a significant share of the world's oil and natural gas flows — and to help stabilise global supply chains more broadly.

The visit began with ceremonial formalities at Rashtrapati Bhavan, the official residence of India's President, where President Droupadi Murmu and Prime Minister Modi received Lee and his wife, First Lady Kim Hea Kyung. Lee also paid tribute at Raj Ghat, the memorial in New Delhi dedicated to Mahatma Gandhi, and planted a commemorative tree alongside Modi ahead of their formal discussions.

This was the third in-person meeting between Lee and Modi since Lee assumed the South Korean presidency in June 2025, reflecting the growing momentum in ties between Asia's third- and fifth-largest economies. The summit signals both countries' intent to position their partnership as a stabilising force amid shifting global trade dynamics and regional instability.

Sources
The HinduPM Modi holds bilateral meeting with South Korean President Lee ↗︎Yonhap(LEAD) Lee holds summit with Indian PM Modi on economic ties, supply chains ↗︎
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