Korea to explore business opportunities in Karnataka sectors

A high-level business delegation from the Republic of Korea met Priyank Kharge, Minister for Home, Information Technology, Biotechnology, and e-Governance, here on Saturday to explore opportunities for investment, business expansion, and technology partnerships between Korea and Karnataka.

The discussions focused on strengthening Korea-Karnataka business linkages and creating practical pathways for Korean companies and investors to enter and scale in the Indian market through Karnataka, said a release.

The delegation noted that while Indian businesses and the country’s growth potential were increasingly attracting attention, Korean investors would benefit from stronger institutional linkages and greater awareness of potential partners and opportunities in Karnataka and India.

Referring to the popularity of K-pop, K-dramas, Korean cosmetics, and other Korean products in India, Mr. Kharge noted how quickly global products, services and cultural influences were adapted to the Indian market. “We have the talent, innovation ecosystem, research capabilities and market access platforms to support companies across sectors,’’ he said.

“We would like to move from broad interest to a focused set of opportunities that can be taken forward and delivered on the ground,’’ the Minister added.

He also offered the delegation a peek into the State’ deep technology ecosystem, its network of Centres of Excellence, incubators and innovation institutions across areas including AI, semiconductors, fintech, agri-tech, life sciences, aerospace, space, and robotics. Mr. Kharge invited the Korean delegation to identify specific sectors and opportunities of interest and offered to work with them on a focused roadmap.

The Korean delegation comprised senior representatives from DSC Investment, GS Ventures, CJ CheilJedang, CJ Investment, Capstone Partners and GTGO Inc. (GOPIZZA) and others. The meeting brought together investors, venture capital representatives and business leaders exploring opportunities across technology, food and beverage, retail, start-ups and other emerging sectors.