Korea is the 12th largest economy in the world. India's economy is growing rapidly and is a major player in software, services, manufacturing and research. Korea and India already enjoy a strong relationship in trade, and many Korean companies have a significant presence in India.

Recognizing the rapid rise in trade and financial exchange between Korea and India, the Asia Institute established the Korea-India Business and Technology Initiative in September of 2008 to investigate effective approaches to facilitating and enhancing that relationship. The Asia Institute conducts research in areas that encourage international cooperation and growth in technology and business and strives to bring together Korean and Indian partners as part of its research projects. The Asia Institute is also available to organize customized executive development programs and training for Korean companies doing business in India and for Indians working in such companies.

Both countries have interest and government investment in the areas of nanotechnology and biotechnology. Facilitation of joint scientific and business interests in these emergent areas of high technology is a planned area of research of the Korea-India Business and Technology Initiative. Conclusion of a “Comprehensive Economic Partnership Agreement” between the governments of the two countries is in progress.

The Asia Institute works together with the Indo-Korean Forum on issues related to the economy, environment and technology from which both sides can benefit most directly.