Korea and India have resumed negotiations to upgrade their 2010 Comprehensive Economic Partnership Agreement (CEPA), with two rounds held in May and August after a roughly two-year hiatus. President Lee Jae Myung and Prime Minister Narendra Modi agreed during Lee's April 19-21 state visit to New Delhi to target nearly $50 billion in bilateral trade by 2030, compared with current trade of about $25 billion, and signed 15 memorandums of understanding. KOTRA held Korea-India business and regional strategy events in New Delhi from August 27 to 29 alongside the 2026 Korea Industrial Exhibition, bringing 39 South Korean companies and 41 Indian buyers together for 450 consultations valued at approximately $20 million, or about 28 billion won. Discussions covered digital trade, consumer goods, semiconductors, shipbuilding, shipping, maritime logistics, future mobility, electrical and electronics, AI, education and worker mobility. India is also preparing the 12th Sarang cultural festival in Korea, scheduled from September 15 to 22 across Seoul, Busan, Gimhae, Miryang, Gwangju and Nami Island.