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Korea is Emerging as an Important Economic Partner for India

Fast growing economic relations between Korea and India

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Representational Image, Source-pixabay

Feb 28, 2017: When India liberalized in 1990s, international companies were reluctant to invest in India. Korea was the first country which dared to invest in India when other countries were reluctant to take the economic risk of investing in the 1990s. Korea subsequently became the 4th largest investor during the 1990s.

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Bilateral economic relation between India and Korea is important for both India and Korea, Korea’s Trade Minister Joo Hyung-hwan had said last year, “Fostering close economic ties with India is the top priority for Korea.” Further, the Federation of Korean Industries (FKI) had said last September,  “Korea needs to deepen economic ties with India and Vietnam for its economic growth,” reported Korea Times

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Economic relations with India is important for Korea as its relation with its 3 important trading partners- US, Japan and China is declining. Relations with US are fast declining due to America’s policy of protectionism and the new policies of Trump. Historical issues with Japan and Japan’s economic stagnation, as well as Korea’s decision to deploy US missile system, has soured Korea’s relation with both these two countries, hence relations with all 3 countries have become precarious.

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In January last year, a Memorandum of Understanding (MoU) was signed between the India and Korea for establishing the platform “Korea Plus” a joint initiative of Ministry of Commerce and Industries of both countries, a platform established to promote and facilitate Korean investments.

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Few of the Korean startups are also doing business with Indian companies. Bangalore based real estate portal NoBroker had announced that it has raised $7 million (Rs 50 crore) in one round led by KTB Network, a Seoul-based VC firm in December last year. Softbank of South Korea had had led one round of funding for the Gurgaon-based True Balance, the CEO of True balance is Cheolwon (Charlie) Lee, a Korean.

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Prepared by Upama Bhattacharya. Twitter @Upama_myself

 

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Motorola Brings its One Vision Smartphone in India

There are artificial intelligence (AI) features, like smart composition, auto smile capture, portrait lighting, shot optimisation and Google Lens integration

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However, the Motorola brand launched devices three times less than other leading brands in India in 2018. Pixabay

Refreshing its line-up in India, Lenovo-owned Motorola on Thursday launched company’s One Vision smartphone with 48 MP camera and Android One OS for Rs 19,999.

With an elegant, narrow design that makes it easy to hold and use with one hand, the phone boasts an industry-first 21:9 CinemaVision 6.3-inch Full HD+ display.

“To maximise your movies and video experience on the go and an edge-to-edge movie theatre feel, the ultra-wide cinematic display is supported by 128 GB (expandable up to 512 GB) storage capacity,” the company said in a statement.

Motorola cuts down the cost of Moto G5S by 1000 in India
Motorola cuts down the cost of Moto G5S by 1000 in India. Wikimedia Commons

The 48 MP rear camera comes equipped with optical image stabilisation (OIS) and night vision mode. The device is equipped with a 25 MP front-facing camera.

There are artificial intelligence (AI) features, like smart composition, auto smile capture, portrait lighting, shot optimisation and Google Lens integration.

Also Read- Chinese Smartphone Maker Xiaomi Aiming to Capture More Online Buyers via Mi.com in India

“We will continue to partner with Google to exceed software requirements and deliver monthly security updates for three years, an up-to-date OS and a simple interface through Android One,” the company said. (IANS)