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India, Korea to boost trade June 01, 2005 11:26 IST During a 45-minute meeting in Seoul, visiting External Affairs Minister K Natwar Singh and his Korean counterpart Ban Ki-Moon also had detailed exchange of views on the situation in the Korean peninsula, including the North Korean nuclear issue. UN reforms covering restructuring of the Security Council also figured during the discussions, Indian officials said. Seoul has been in favour of a broad consensus on the issue of expansion of the Security Council. It acknowledges India's growing stature and increasing role in international affairs. During the discussions, both sides hoped that negotiations for the $12bn integrated steel plant to be set up by Korean company Posco at Paradip in Orissa would be concluded at an early date. Singh is on a day's stopover here enroute to the Russian far-eastern port city of Vladivostok to attend the first-ever stand-alone meeting of foreign ministers of India, Russia and China. Ban will visit India in early August this year for the annual meeting of the India-Korea Joint Commission when the two sides will review all aspects of bilateral relations covering economic, political and security cooperation.
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