The Korean Connection | Make In India (2024)

Listicle edited by ankit on Sat, 02/08/2020 - 19:21

The Korean Connection | Make In India (1)

1 SAMSUNG

India’s largest electronics manufacturer1, Samsung is also one of the leading players in the consumer electronics and durables market in India. After beginningoperations in India in 1995, Samsungset up its first R&D centre in Bengaluru in 1996. Samsung’s commitment can be measured in its five R&D units,one design centre, and two manufacturing facilities (one each in Noida and Tamil Nadu).2All Samsung mobile phones are manufactured at its Noida plant. Samsung India launched ‘Make for the World’ initiative, which aims to export mobile handsets produced in Indiato overseas markets.3 In July 2018, Samsung India inaugurated the world’s largest mobile factory in Noida.4 As of December 2018, Samsung India employed nearly 70,000 people.5 With the expansion of the factory, the production capacity of their Noida Facility will nearly double, from 68 mn to 120 mn per year, by 2020.6

Sources: 1, 2, 3, 4, 5, 6

The Korean Connection | Make In India (2)

2 lG

One of the world leaders in consumer electronics and durables, LG started its operations in India in 1997.Over the last two decades, LG has committed to making India a major base foroperations. It even set up its largest R&D centre outside South Koreain Bengaluru.LG has two manufacturing facilities in India, one each in Greater Noida and Pune.Apart from catering to domestic demand, these facilities are used to export to Middle Eastern and African countries.Around 10% of sales from India are exported,with 95% of the components being domestically produced or sourced.

Sources: 1,2, 3, 4, 5

The Korean Connection | Make In India (3)

3 HYUNDAI MOTORS

Hyundai’s Indian journey began when it launched the Santro model in 1998.1 Strengthening itsIndia commitment, Hyundai also established an R&D facility in Hyderabad, one of just five in the world.2 Its Sriperumbudur facility(near Chennai) manufactures over 700,000 cars per year.3 Already the second largest vehicle manufacturer in India, Hyundai is planning to add a third production line at its Sriperumbudur plant.4 This ties in with their goal of export knocked-down units from India for some of the models.5 It exports to around 88 countries across Africa, Middle East, Latin America, Australia and Asia Pacific.6

Sources: 1, 2, 3, 4, 5, 6

The Korean Connection | Make In India (4)

4 OTHERS

Apart from the companies mentioned above, which have collectively invested over $4.4 Bn (estimated), there are over 600 large and small Korean firms operating in India.1 These include firms acrossvarious sectors, such as POSCO (Steel Making), Lotte (Food Processing), and SsangYong Motors (Automotive). Several other Korean firms plan to enter or expand their presence in India. Kia Motors, for example, is investing$1.1 Bn to set up a manufacturing unit with an annual production capacity of 300,000 units in Andhra Pradesh.2

Sources: 1, 2

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The Korean Connection | Make In India (2024)

FAQs

What is the relationship between India and Korea? ›

India-Republic of Korea established diplomatic relations on 10 December 1973. Consular relations were established in 1962. Both countries formed a “Strategic Partnership” in year 2010, which was elevated to “Special Strategic Partnership” in year 2015 during the State Visit of Prime Minister Narendra Modi to Seoul.

What is the ancient connection between India and Korea? ›

The deep-rooted connections between India and the Republic of Korea (ROK) can be traced back to 48 AD, as documented in the 13th-century Korean text "SamgukYusa." It tells the story of Princess Suriratna of Ayodhya, later known as Queen Heo Hwang-ok, who married King Kim-Suro of the ancient Gaya Confederacy in Korea.

What was the Korean attitude toward India? ›

“Apart from believing that India had a pro-communist policy, many Koreans saw [India] as less civilised despite being an international leader for decolonisation.” The division of India and Pakistan in 1947 was perceived negatively by the Koreans.

What are the similarities between India and Korea? ›

Both countries have similar family structures. Father or Husband is the patriarch of the family. Also, a lot of emphasis is placed on respecting the elder members of the family.

Which Korea is India's friend? ›

"Strengthening the India-South Korea partnership in the region and in Indo-Pacific is of strategic importance for both economies."

Which country is best friend of India? ›

Though India is not a part of any major military alliance, it has a close strategic and military relationship with most of its fellow major powers. Countries considered India's closest include the United Arab Emirates, Russian Federation, Israel, Afghanistan, France, Bhutan, Bangladesh, and the United States.

Why is Korean popular in India? ›

The K-craze sweeping India is a testament to the universal appeal of Korean dramas and the power of cultural exchange. The emotional connection, unique storylines, and relatable characters have struck a chord with Indian viewers, providing them a much-needed escape and a gateway into a different culture.

Which Korean king married Indian queen? ›

According to Korean legend, a teenage princess from Ayodhya crossed the ocean in a boat some 2,000 years ago, sailed 4,500 kilometres to Korea and married King Kim Suro who founded the Gaya Kingdom in the north Asian country. The princess, Suriratna, then became Queen Heo Hwang-ok.

What is India famous for in South Korea? ›

Indian cuisine has gained popularity in Korea, requiring more than 200 Indian chefs for ethnic restaurants. Most work at restaurants in Seoul, Busan, Daegu, and other cities. Some are hired by Korean owners of Indian restaurants and hotels, while others own their own restaurants.

How many Koreans live in India? ›

Majority of these included Business Visa and Employment Visa . The number of Indian nationals residing in ROK is around 12,500 while the number of Korean nationals residing in India is around 11,000.

Did India helped in the Korean War? ›

India, which was still recovering from its bitter partition of 1947, stayed neutral when the war broke out. It did, however, offer medical assistance and sent its 60th Parachute Field Ambulance Platoon, a mobile army surgical hospital, to treat wounded soldiers, civilians and prisoners of war.

What was the role of India in the Korean crisis? ›

India was actively involved in negotiating peace in the Korean peninsula by engaging all the major stakeholders – US, USSR and China. In 1952, the Indian resolution on Korea was adopted at the United Nations (UN).

Which Indian language is close to Korean? ›

Tamil is similar to Korean in this aspect as it has only a few sets of consonants and even certain letters with a similar structure. The Korean and Tamil alphabets have similarities. The sentence structures of Korean and Tamil are also similar. Many words in Korean have similar counterparts in Tamil.

How close are Korea and India? ›

The distance between India and South Korea is 4715 km. The road distance is 6656.7 km. How long does it take to get from India to South Korea? It takes approximately 10h 32m to get from India to South Korea, including transfers.

How popular is Korean culture in India? ›

According to a report by Facebook Analytics, there are over 15 million consumers of Korean cultural products such as K-pop music and K-dramas in India, and the number is growing. This boom has led to an increase in the popularity of the Korean language, making it the fastest-growing language in India.

Is South Korea and India are friends? ›

India-Republic of Korea (RoK) relations has made great strides in recent years and has become truly multidimensional, spurred by a significant convergence of interests, mutual goodwill and high level exchanges. Bilateral consular relations were established in 1962 which was upgraded to Ambassador-level in 1973.

Who is the best friend of South Korea? ›

South Korea has a long military alliance with the United States, aiding the U.S. in every war since the Vietnam War, including the Iraq War.

Do BTS members love India? ›

The group has also expressed their love for India and its fans, food, movies and culture several times. Take a look at the times BTS members shared their admiration for India.

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