Once again our starting point is President Moon Jae-in's state visit to India.
On his last full day there, the liberal leader sat down with Prime Minister Narendra Modi, held a joint press conference.
Arirang's Chief Cheongwadae correspondent Moon Connyoung is traveling with the president.
She joins us live on the phone from New Delhi.
Connyoung, what's the latest?
A classic example of the convergence of South Korean President Moon Jae-in's 'New Southern Policy' and Indian Prime Minister Narendra Modi's 'Act East Policy' is how one senior official in the Indian government described it.
Following their one-on-one on the third day of the South Korean president's four-day state visit to the world's second most populous nation and the fastest growing economy, Messrs. Moon and Modi adopted a shared vision for common value dubbed 'Vision for People, Prosperity, Peace and our Future.'
It's basically an official confirmation and a detailed outline of what the two leaders have recently been highlighting as the cornerstone of South Korea, India ties: working toward a future oriented partnership for People, Prosperity and Peace based on shared universal values of democracy, free market economy, rule of law, common commitment to a peaceful, stable, secure, free, open, inclusive and rules-based region.
Four big points they agreed on:
One, South Korea and India will foster closer people-to-people ties through youth exchange programs, internships and facilitation of tourism and business through simplified visa procedures. Visa on arrival is something that's been on India's wishlist for some time now.
Two, they agreed to partner with each other to secure mutual economic growth and contribute to global economic development by matching India's rapid economic growth and its highly-skilled workforce, and South Korea's technological prowess, manufacturing excellence and developmental experience.
Three, the two sides will work toward the early conclusion of ongoing negotiations to upgrade the South Korea-India Comprehensive Economic Partnership Agreement and work toward the goal of raising bilateral trade to 50 billion U.S. dollars by 2030.
And last but not least, the two nations will together face the challenges of the Fourth Industrial Revolution through joint collaborations in research & development and experience-sharing in areas such as renewable energy, material science, robotics, engineering and health sciences.
President Moon was also set to take part in a Roundtable with movers and shakers of various businesses?
That's right. Also a highlight of Mr. Moon's first state visit to the South Asian nation the South Korean president accompanied by Prime Minister Modi met with CEOs and top-level management of big-sized businesses from the two countries for candid, solution-seeking discussions.