By Diplomacy Journal Lee Kap-soo

Park Il-young, CEO of Korea Investment Corporation (KIC), met with Indian Ambassador to Korea Amit Kumar to discuss investment.

According to the KIC on May 19, Park and Amb. Kumar met on Nov. 16. The two sides talked about expanding Korea’s investment in India.

Korea Investment Corporation established its Mumbai office in April last year. It is the first overseas office in an emerging country.

KIC plans to focus on securing promising alternative investment projects. It is focusing on venture capital (VC) and private equity (PE) investment opportunities stemming from India's rich IT ecosystem and expanding domestic market.

It will also invest in real assets such as infrastructure and real estate to support India's economic development.

India is seen as a key beneficiary of the changing global economic landscape, including supply chain reorganization. This, coupled with government policy support to revive manufacturing, such as the ‘Make In India’ program, has led to rapid growth in FDI into the country.

There are also structural growth factors across the economy, including a relatively young and dynamic demographic structure and a growing consumer market.