Chandigarh, March 13, 2026:
The Republic of Korea Country Session at the Progressive Punjab Investors Summit (PPIS) 2026 highlighted the growing economic partnership between Punjab and Korea, with discussions focusing on advanced manufacturing, technology collaboration, MSME linkages and future investment opportunities.
The session brought together representatives from the Government of Punjab, the Embassy of the Republic of Korea, industry leaders and trade promotion institutions to explore opportunities for strengthening bilateral industrial cooperation.
Ms. Eui-Jin Chon, Minister Counsellor, Embassy of the Republic of Korea, highlighted that bilateral economic relations between India and Korea have strengthened significantly, with over 670 Korean companies currently operating in India. She noted that the next wave of Korean investments is expected to focus on sectors such as shipbuilding, semiconductors, MSME collaboration and advanced manufacturing. She also highlighted Korea’s strategic interest in strengthening cooperation with India in emerging areas such as defence, space and artificial intelligence, while emphasizing the importance of institutionalizing people-to-people ties to further deepen bilateral relations. She expressed confidence that partnerships between Korea and Punjab will continue to expand given Punjab’s strong industrial base.
Mr. Jaewook (Jake) Lee, Executive Director, Korea Trade-Investment Promotion Agency (KOTRA), highlighted the role of KOTRA in promoting trade and investment linkages between Korean companies and global partners and reiterated interest in facilitating Korean investments in Punjab’s priority sectors.
Mr. B.K. Lee, President, Sunjin India, highlighted Punjab’s potential to emerge as a strong engine of industrial growth and emphasized the opportunity to build technology-driven industrial partnerships between Korean companies and Punjab’s manufacturing ecosystem. He noted that collaboration in IT manufacturing, food processing and industrial trade could further strengthen economic momentum between Korea and Punjab.
During the session, a Memorandum of Understanding (MoU) was also signed between DCM Group of Schools, Punjab and TAGHIVE, Republic of Korea, aimed at strengthening collaboration in education technology and digital learning solutions. The MoU was exchanged between Mr. Anirudh Gupta, CEO, DCM Group of Schools and Mr. Pankaj Aggarwal, CEO, TAGHIVE, in the presence of dignitaries.
Addressing the session, Dr. Baljit Kaur, Hon’ble Minister, highlighted Punjab’s transformation into a diversified economic hub, noting that while Punjab has a strong agricultural legacy, the State is actively promoting new sectors to engage the next generation in modern industry and business. She emphasized that Punjab is positioning itself as a gateway for industrial growth, innovation and resilient economic development.
The session reaffirmed the commitment of both sides to further strengthen Punjab–Korea partnerships in technology, manufacturing and skill development and to explore new avenues of collaboration through institutional and industry engagement.
