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Korea Plus initiative recently in news intends to
Ward off threats of nuclear attacks from North Korea
Attract South Korean investments in India
Tackle maritime expansionism in the South China Sea
Include South Korea as a part of the RegionalComprehensive Economic Cooperation (RCEP) agreement with ASEAN nations
India and Korea have unveiled a Korea Plus initiativeto promote and facilitate Korean investments in India.Korea Plus comprises of a representative each from the Koreanministry of industry, trade and energy, Korea Trade Investmentand Promotion Agency as well as three representatives fromInvest India — the national investment promotion andfacilitation agency of India.It includes supporting Korean enterprises entering the Indianmarket for the first time, looking into issues faced by Koreancompanies doing business in India.
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