New Delhi, April 23 -- India-South Korea bilateral trade has remained range-bound at USD 25-28 billion between FY2022 and FY2025, even as both countries target USD 50 billion by 2030, according to an analysis by Rubix Data Sciences.

The report, India and South Korea: Trade Scenario, stated that the first South Korean presidential visit to India in eight years signals a shift towards a more structured, investment-led partnership across semiconductors, clean energy, shipbuilding, defence and advanced manufacturing.

"This visit of the President of Korea to India, after a gap of eight years, is of great significance. Democratic values, a market economy, and respect for the rule of law are deeply embedded in the DNA of both our nations. We a...