Author(s): Byungyul Park, Reji K Joseph (ed)

Publishers: KIET

Pages: 230

2026

ISBN:

Korea-India Industrial Collaboration: Driving Shared Growth and Future Prosperity
Full book can be downloaded here

Abstract

This volume represents the second collaborative publication produced under the KIET–ISID partnership, which seeks to promote policy dialogue and strengthen economic and industrial cooperation between Korea and India. While the previous volume, Reimagining India–Korea Economic Partnership: Pathways to Deepen Integration, focused primarily on identifying pathways to deepen economic integration between Korea and India, the present volume explores how the bilateral partnership can evolve toward a more comprehensive framework of industrial collaboration in response to changing global economic and geopolitical conditions.

Building on this foundation, the volume brings together contributions presented at the 3rd KIET–ISID Industrial Forum under the theme “Korea– India Industrial Collaboration: Driving Shared Growth and Future Prosperity.” The chapters examine key issues shaping the future of Korea–India economic and industrial cooperation and provide policy recommendations for strengthening bilateral collaboration.

The first part of the volume explores the evolving Korea–India economic partnership in the context of changing global economic conditions. The chapters examine foreign direct investment trends, emerging geopolitical challenges, and the implications of recent changes in the international economic order for bilateral cooperation.

The second part focuses on labor-intensive industries and digital transformation. These chapters discuss opportunities for cooperation in employment-intensive manufacturing sectors, SME development, and emerging digital technologies that can contribute to inclusive growth and industrial upgrading..

The third part examines strategic industries that are expected to play an increasingly important role in the future of Korea–India cooperation. Particular attention is given to sectors such as shipbuilding and steel, where complementarities between the two economies create opportunities for long-term industrial collaboration.

The volume concludes with “The Way Forward,” which synthesizes the key findings and policy recommendations presented throughout the volume and proposes a framework for advancing Korea–India industrial cooperation in the years ahead.

We hope that this volume will contribute to a deeper understanding of the opportunities and challenges facing Korea–India relations and serve as a useful reference for policymakers, researchers, industry stakeholders, and all those interested in advancing a stronger and more resilient Korea–India partnership.

About the editor(s)

Byungyul Park is a Research Fellow in the Office of Economic Security and Trade Strategy at the Korea Institute for Industrial Economics and Trade (KIET). His research focuses on industrial policy, global value chains, and Korea’s economic cooperation with India and Southeast Asia. His recent work examines industrial development, supply chain resilience, and strategic industries, with particular emphasis on trade, investment, and industrial cooperation in emerging economies. Park received his PhD in Economics from North Carolina State University in 2020, specializing in international trade, applied microeconomics, and agricultural economics. His research interests include industrial policy, international trade, supply chain analysis, and economic cooperation between Korea and emerging markets.

Reji K. Joseph is an Associate Professor at the Institute for Studies in Industrial Development (ISID), New Delhi. Prior to joining ISID, he served as an Assistant Professor at the School of International Studies, Central University of Gujarat. His earlier professional experience includes working as a Consultant with the Centre for WTO Studies (2007-2009) and the Research and Information System for Developing Countries (2009-2012). Joseph has an extensive publication record spanning books and monographs, peer-reviewed journal articles, book chapters, policy briefs, working papers, and opinion pieces in leading national dailies. His research focuses on international trade and investment, innovation, and Indian pharmaceutical industry. At ISID, he is coordinating the PhD-level course on International Trade and Investment and teaches the trade policy module. He holds a PhD in Economics from Jawaharlal Nehru University.

Table of contents

Disclaimer
About the Editors

Foreword
Namhoon Kwon, President, KIET
Nagesh Kumar, Director, ISID

Message
H.E. Gourangalal Das, Ambassador of India to the Republic of Korea
H.E. Seong-ho Lee, Ambassador of the Republic of Korea to India
Editor’s Introduction

Ⅰ. Korea-India Economic Partnership: A Review and Future Outlook 
Chapter 1. India-Korea Economic Partnership: The Elusive Second Wave of Korean FDI (Reji K Joseph)
Chapter 2. Trump 2.0 and ROK-India Strategic Cooperation in an Age of Uncertainty (Wondeuk Cho)
Chapter 3. The Effects of Trump’s Universal Tariffs on Korea and India: Focusing on Global Production Networks (Jeonghyun Kim)

Ⅱ. Future-Forward Growth: Labor-Intensive Industries and Digital Innovation 
Chapter 1. Leveraging Preferential Access in South Korea under India-Korea CEPA for Labor-intensive Goods in India (Ramaa Arun Kumar)
Chapter 2. India’s Digital Public Infrastructure: A Model for Inclusive Digital Transformation and Opportunities for Korea-India Cooperation (Yoon Jae Ro)
Chapter 3. Bridging South Korea and India in Textiles, Garments, and Seafood Processing Industries: Insights from the KOICA-ILO PSEI Project (Jaedong Kang)

Ⅲ. Driving Industrial Collaboration: Expanding Horizons in Strategic Industries 
Chapter 1. Trends in the Global Shipbuilding Industry: Prospects for Korea-India Cooperation (Eunchang Lee)
Chapter 2. Shipbuilding Industry in India and Korea: Exploring Competitiveness and Complementarities (Beena Saraswathy)
Chapter 3. Building Sustainable Steel Supply Chains: Industrial Cooperation with India (Byungyul Park)

The Way Forward

References

Appendix