New Delhi, April 20 -- South Korean President Lee Jae Myung on Monday said that cooperation in the shipbuilding sector will mark a "new beginning" in industrial ties between India and South Korea, signalling a push to deepen bilateral economic engagement.

Speaking at the India-Korea Business Forum, he said, "Starting with today's MOU signing to build a shipyard, I hope that we can expand cooperation in more diverse areas."

He further expressed hope for early progress in upgrading the Korea-India Comprehensive Economic Partnership Agreement (CEPA), stressing the need for a stronger institutional framework to support businesses in both countries.

"I hope progress will be made in the negotiations to upgrade the Korea-India Comprehensive E...