Korea-India Relationship: Past and Future

Prof. Kim Do-young University of Delhi

Korean Enterprises’ Investment in India: Past and Future

Present Economic Situation of India

Evaluation on Indian Economy

Overview on Korean Investing Companies in India

Impending Proposals

Prospect

Ⅰ.Present Economic Situation of India

1. High Economic Growth: 8% above annually 2003 8.5% 2004 7.5% 2005 8.1% Agriculture 2.3% Manufacturing 9.4% Construction 12.1% Service 9.8%

2. Low Inflation Rate WPI 4.1% in Feb 2006

3. Trade Deficit Bigger Export increase 24.1% 2004, 18.9% 2005 Import 37% 2004, 26.7% 2005 Deficit 14.3 billion USD 2003, 28.7

billion, 33.8 billion April, 05-Jan 06

4. Service Export High 46 billion USD 2004, 71 % increase 32.8 billion April 05-Sep 05, 75% Software 17.2 billion, 34.4% increase 10.3 billion, 32% increase

5. Foreign Capital Inflow Increased FDI 2.5 billion -3.8 billion USD 01-04 4.4 billion 2005, FII 10.9 billion, 03 8.3 billion, 04 4.2 billion, April-Sep 05

6. Stock Market Active Sensex index (BSE : Mumbai Stock

Exchange) 5,655 April 04, 10,573 March 06

7. Foreign Exchange Reserve The 6th in the world 113 billion USD Mar, 2004 141.5 billion, Mar,2005 139.2 billion, Mar,2006

8. Fiscal Deficit 7.4% Central Government 4.3% Local Government 3.1%Accumulative Fiscal Deficit Rate Central Government 63.1% Local Government 32.7%

II. Evaluation on Indian Economy

◎ Counterpart countries of India for Export-Import (2005.4 ~ 2005.11)

1. An Emerging Economic Power

Economic Growth 6% for 10 years 8% for last 3 yearsPPP-3400 billion USD The 4th after US(11600 b),

China(7100b), Japan(3700b)

2. Limitless Potential Population 1.08 billion 2004Increasing rate 1.4%Average age 26 yrs, pop below 25,

54%2.5 million graduates, 0.7 post

graduates ,3,000 Ph.D every year10% population English speaker

3. Strong Software BusinessWeak Manufacturing Industry Agriculture 22.1%, Mine-

manufacturing 26.9%

Strong Software Business Size 21.6 billion USD(Export 17.2

billion, domestic 4.46 billion USD)

III. Korean Investment Indo-Korea Trade Korean Investment in India Korean Enterprises in India

2002 2003 2004 2005 2006.1-10증감율 증감율 증감율

총교역 2,633 4,086 5,482 34.2 6,710 22.4 7,517 37.7수 출 1,384 2,853 3,632 27.3 4,598 26.6 4.665 24.9수 입 1,249 1,233 1,850 50.1 2,112 14.2 2,852 65.5수 지 135 1,620 1,782 2,486 1,813

< 최근 5 년간 교역 추이 >단위 : 백만불 ,%

83-95

96 97 98 99 00 01 02 03 04 05 06.1-9

누 계

건 수 38 11 15 14 3 7 10 9 11 26 33 51 228

금 액 46 150 109 286 15 15 29 45 17 41 147 79 999

00 01 02 03 04 05 00-05

건수 10 14 14 15 23 53 129금액 0.6 0.6 0.6 0.6 52.9 2.7 58.2

< 연도별 한국의 대인도 투자 현황 >( 단위 : 건 , 백만불 )

< 연도별 인도의 대한국 투자 현황 >( 단위 : 건 , 백만불 )

* 수출입은행

* 산업자원부

지역 기업수 주요 업종 주요 기업

델리 인근

110 전자기계 24건설 , 중공업 22

무역 11, 컨설팅 6통신 6

엘지전자 , 삼성전자 , 현대자동차 ( 판매 ),

두산중공업 , 쌍용건설 , 신한은행

첸나이62 자동차 및 부품 27

기타제조 7운송 7, 건설 3

현대자동차 , 롯데제과

뭄바이 , 쁘네32 무역 10, 운송 5

통신 3현대중공업 , 신한은행 ,

엘지전자 쁘네 공장

방갈로 10 소프트웨어 3전자기계 4

엘지소프트웨어 , 엘지CNS, 삼성소프트웨어

부바네스와르( 오릿싸 )

1 제철 1 포스코

바이작카파트남( 안드라프라데시 )

1 화학 1 엘지화학

베마기리( 안드라프라데시 )

1 전력설비 유지 1 한전기공

치토르가르( 라자스탄 )

1 전력설비 유지 1 한전기공

계 218

< 지역별 진출기업 현황 >

IV. Korea Studies in India Jawaharlal Nehru University University of Delhi Madras University Calcutta University Batkal University Banarasi Hindu University Mumbai University

Korean Culture in India A Viewing Rate of Jewel of the

Palace(Daejanggeum) DatesAverage rateD.D.

NationalD.D. Viewers Rate8thDec 36.35 above popular top 1026.849thDec 105.8927.5510thDec 176.03top 1026.9811thDec 245.3922.38

Difficulties No Cultural Proximity The reason why Korean cultural wave does not

create waves in India may be explained in light of no cultural proximity between two countries. Theoretically, media productions from culturally affiliated countries have greater reception than those from the culturally distanced countries. Cultural proximity is a characteristic that is predominately reflected in "nationally or locally produced material that is closer to and more reinforcing of traditional identities, based in regional, ethnic, dialect/language, religious, and other elements" (Straubhaar, 1991).

Understanding Lack of Experts On Korea, On India

Encouragement Asian Emotion Socio-cultural Exchange

Conclusion Mutual Encouragement &

Cooperation Economy, Culture, Education,

International Relationship Opportunity for Korea