New Delhi, Dec. 18 -- The Deputy Chief of Mission (DCM) of the Korean Embassy in India, Sang-Woo Lim, on Thursday said this is a good time for India and South Korea to consider upgrading their Comprehensive Economic Partnership Agreement (CEPA).

"This is a great time to strengthen Korea-India trade relations further. Korea and India have had a CEPA in place for the last 10 years. This is a good time to consider upgrading our CEPA," he said.

"It is about time to have the second wave of Korean investments in India, especially in strategic areas, such as shipbuilding, semiconductors, and the defence industry. I do see some positive movements in that direction," he added.

"India is reviewing and upgrading the Free Trade Agreements (FTAs) t...