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

Publishers: ISID

Pages: i-xviii, 118

2025

ISBN: 978-81-938075-8-3 (Paperback); 978-81-938075-3-8 (e-Book)

Reimagining India–Korea Economic Partnership: Pathways to Deeper Integration
Full book can be downloaded here

About this book

The global economic order is undergoing a profound transformation induced by supply chain disruptions during the COVID-19 pandemic, geopolitical and trade tensions between major economies, weakening of multilateral institutions and shaking of the conventional alliances. Against this backdrop, strengthening bilateral economic cooperation between India and Korea has become especially significant. Their partnership was institutionalized through the Comprehensive Economic Partnership Agreement (CEPA) in 2010, which substantially reduced tariffs and was expected to boost cross border trade and investment. Yet, outcomes have been mixed.

This monograph provides fresh analysis on the status of the economic partnership and pathways to deepen the partnership for mutual benefit. It examines bilateral trade and investment trends, exploring how both countries can unlock potential for greater market access and tapping the synergies. The volume analyses the evolving landscape of global value chains and how India and Korea can leverage supply chain restructuring to enhance industrial collaboration. It also explores opportunities for cooperation in critical and emerging technologies. Additionally, this monograph delves into identifying potential areas of collaboration to aid green industrialization efforts of both the countries including through green hydrogen value chain. It will be a valuable resource for policymakers, analysts and researchers.

About the editor(s)

Reji K Joseph is an Associate Professor at the Institute for Studies in Industrial Development (ISID), New Delhi, India. He joined ISID in 2015, bringing extensive experience in research and policy analysis, particularly in the areas of the Indian pharmaceutical industry, trade and investment policy, and patents and development.

Before joining ISID, Joseph served as an Assistant Professor at the School of International Studies, Central University of Gujarat. His previous professional engagements include serving as a Consultant with the Centre for WTO Studies, Ministry of Commerce and Industry (2007–2009), and with the Research and Information System for Developing Countries (RIS), Ministry of External Affairs (2009–2012).

Joseph has published widely across multiple formats, including books and monographs, peer-reviewed journal articles and book chapters, policy briefs, working papers, and opinion pieces in leading national dailies. He holds a PhD in Economics from Jawaharlal Nehru University (JNU), New Delhi.

Byungyul Park is an Associate Research Fellow in the Development Cooperation Research Team at Korea Institute for Industrial Economics and Trade (KIET). His research focuses on industrial policy analysis and Korea’s economic cooperation with India, particularly in relation to India’s industrial development, trade structure, and emerging strategic partnerships. Park also examines broader industrial cooperation with Southeast Asian economies, identifying opportunities for regional integration, supply-chain collaboration, and mutually beneficial growth.

Park earned his PhD in Economics from North Carolina State University in July 2020, with specializations in international trade, applied microeconomics, and agricultural economics. His academic and professional work spans policy analysis, trade strategy formulation, and industrial competitiveness research, contributing to a deeper understanding of global economic dynamics and Korea’s strategic engagement in emerging markets.

Table of contents

Foreword by Nagesh Kumar, Director, ISID
Foreword by Namhoon Kwon, President, KIET
Message by H.E. Lee Seong-ho, Ambassador of Republic of Korea to India
Message by H.E. Amit Kumar, Former Ambassador of India to the
Republic of Korea

 

Chapter 1: Reimagining India–Korea Economic Partnership: Editors’ Introduction, Reji K Joseph and Byungyul Park
Chapter 2: India-Korea Economic Cooperation: Trends, Issues and Way Forward to Deepen the Partnership, Reji K Joseph and Ramaa Arun Kumar
Chapter 3: Harnessing Cooperation between India-Republic of Korea through Global Value Chains & Investments, Danish A Hashim, Neha Gupta, Aditi Kaushik and Yatika Agrawal
Chapter 4: Beyond Korea-India CEPA Upgradation to Korea-India Version of iCET, Choongjae Cho
Chapter 5: Building Resilient Automotive Supply Chains through Cooperation with India, Byungyul Park
Chapter 6: Cooperation for Hydrogen Economy between India and Korea, Dongsoo Kim
Chapter 7: Accelerating the Transition to Net Zero: Policy Pathways and India–Korea Cooperation in Green Hydrogen, Ajay Shankar
Chapter 8: The Way Forward