India, June 29 -- By Ayushi Agarwal

New Delhi [India], June 29 (ANI): South Korea is looking to deepen its economic and strategic engagement with India, with a fresh push for investments in shipbuilding, defence manufacturing and industrial collaboration, Ambassador Lee Seong-ho said on Monday, underlining New Delhi's growing importance in Seoul's diversification strategy amid shifting global dynamics.

In an interview with ANI, the South Korean envoy said the next phase of bilateral cooperation could mark a major shift from the first wave of Korean investments in India during the 1990s, which largely centred around automobiles and electronics.

"We need to create a second wave of Korean investment led by shipbuilding and other industria...