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India-Korea Dialogue for a 21st Century Partnership   
Dialogue for a 21st Century Partnership
Choong Yong Ahn • Pravakar Sahoo (Eds.)
Published by Academic Foundation in association with
Indian Council for Research on International Economic Relations, New Delhi

Hard-bound Book (6¼ × 9¼)  :   Pages : 340

2012  Edition   :   ISBN - 978-81-7188-920-4

Price : Rs. 1095 .00  / USD 59.95

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India and Korea belong to the major economies of the G-20, which has become a major global economic cooperative entity after the global financial crisis in 2008. Despite these similarities, the two countries have almost opposite factor endowments offering opportunities for more economic and strategic partnership. In this context, the India-Korea Comprehensive Economic Partnership in 2009 is considered a major step to facilitate expansion or opportunities for investments and exchange of services. In this backdrop, the book, which is timely and first of its kind, has made a sincere attempt to cover all aspects of India-Korea relations under three broad themes such as role of India-Korea in G-20 and restructuring global financial architecture; bilateral economic relations; and cooperation for security and strategic challenges. This volume would be a useful read to all those interested in strengthening and learning about the current status of India-Korea relations and future prospects.

About the EDITORs:

Choong Yong Ahn is a distinguished Professor of Graduate School of International Studies at Chung-Ang University, Korea. He is also a Foreign Investment Ombudsman at Korea Trade and Investment Promotion Agency. He is also currently the member of the Presidential Council on National Competitiveness and a Member of Regulatory Reform Commission in South Korea. While on leave from Professorship of Economics, Chung-Ang University, he had also served as the President of the Korea Institute for International Economic Policy (KIEP) from 2002 to 2005, Chair of the APEC Economic Committee, and Chair of Board, Choheung Bank. He has maintained a keen interest in public policy, serving in positions such as Consultant to the World Bank, UNIDO Chief Technical Advisor to the Economic Planning Unit of Malaysia to design Malaysia’s industrial master plan, and has been the President of several academic societies in Korea including Korea International Economics Association, Korea Econometric Society, Korean Society of International Trade, Korea Development Economics Association, etc. Since receiving his Ph.D from Ohio State University in 1972, Dr. Ahn has published many articles in prestigious international journals and also published a few books.

Pravakar Sahoo is an Associate Professor at Institute of Economic Growth (IEG), Delhi University, India. Prior to joining IEG as Associate Professor (February 2009), he was working as senior fellow in Indian Council for Research on International Economic Relations (ICRIER), New Delhi. During last 13 years of teaching and research experience, he has worked and published more than 40 research papers in national and international journals such as Journal of International Trade and Economic Development, Journal of Policy Modeling, Journal of Developing Areas, Journal of Asian Economics, Journal of Asia Pacific Economies, International Economic Journal, Singapore Economic Review, Journal of Economic Policy Reforms, Economic and Political Weekly etc. on issues related to macroeconomics, development economics, international trade & investment, regional cooperation, infrastructure and FDI. He has carried out projects and acted as a consultant to various national and international agencies including Ministry of Finance and Commerce, Government of India, Asian Development Bank, Asian Development Bank Institute (ADBI), Indo-Sastri Canadian Institute, Indira Gandhi Open University (IGNOU), Korea Institute for International Economic Relations (KIEP) and East West Center, USA. Further, he teaches macroeconomics to high-level government officials and policy makers like Indian economic service and Indian statistical service officers.



— S.R. Tayal

Kim Joong Keun



Section I
Global Economic Crisis, G-20 and the Role of India and Korea

1. Crafting a New Global Economic Paradigm for the G-20 Era: Perspectives from Asia and Korea — Choong Yong Ahn

2. Economic Recovery and Challenges in the Post-Crisis Era: The Case of Korea
— Joon-Kyung Kim

3. Financial Sector in India: Challenges, Opportunities and Cooperation with Korea
— Tamal Bandyopadhyay

4. The Recent Performance of the Indian Economy: Recovery and Challenge
— Ajay Shankar

Section II
India-Korea Bilateral Economic Cooperation

5. India-Korea Trade and Investment Relations
— Pravakar Sahoo, Durgesh Kumar Rai and Rajiv Kumar

6. India-Korea CEPA: Likely Impact on Bilateral Economic Relations
— Pravakar Sahoo, Durgesh Kumar Rai and Rajiv Kumar

7. India-Korea Strategic Dialogue in Technology and Climate Change
— Suresh P. Prabhu

8. Cooperation between India and Korea in FDI and Services
— Chang Ho Kwag

9. Trade Promotion after the Korea-India CEPA
— ChoongJae Cho

Section III
Global Security Challenges: Role for India-Korea Cooperation

10. Strategic Challenges and Risks in a Globalizing World: An Indian Perspective
— N.S. Sisodia

11. The Korea-India Strategic Partnership for the 21st Century: Visions for Security and Military Cooperation — Changsu Kim



Tamal Bandyopadhyay is a Deputy Managing Editor with Mint, India’s second largest read financial daily, brought out by HT Media Ltd. in association with The Wall Street Journal. He writes a weekly column on banking and finance every Monday (Banker’s Trust) and moderates Mint’s panel discussions across Indian cities on critical, contemporary financial and economic issues. An MA in English literature, Tamal started his career as a trainee journalist with Times of India, the country’s biggest publication house. In his 25-year career, he worked with three national financial dailies besides Mint. They are The Economic Times, Financial Express and Business Standard. He closely follows developments in international finance and financial markets in India.

Choongjae Cho is an associate research fellow and leader of Southeast and South Asia team at Korea Institute for International Economic Policy (KIEP). He holds a Ph.D in Economics from Hankuk University of Foreign Studies. He was a researcher of Daewoo Economic Research Institute and Lotte Economic Research Institute. He has also worked for The Seoul Economic Daily as a reporter. He is an expert in Indian Economy and is interested in service-led economic growth in India. He has published number of journal articles on Indian economy and co-authored some books on Indian economy and economic cooperation between India and Korea.

Changsu Kim is a Senior Research Fellow at the Korea Institute for Defense Analyses (KIDA), Seoul. Since he joined the Institute in 1985, Dr. Kim has served on such posts as Chief of Japan Studies Division, Chief of Regional Military Affairs Division, Chief of US Studies Division, Chief of International Conflict Studies Division, and Director of the Center for Security and Strategy. In 2007, he served as Special Assistant to the Minister for Policy at the ROK Ministry of National Defense. And from December 2008 to March 2009, he was a NIDS Fellow at the National Institute for Defense Studies, Tokyo, Japan. From 1995 to 2002 and again from 2006 to 2008, Kim was the Editor-in-Chief for The Korean Journal of Defense Analysis (KJDA). He graduated from the Hankuk University of Foreign Studies in Seoul in 1977 and received his MA and Ph.D in Political Science from the University of Cincinnati in 1981 and 1985, respectively.

Joon-Kyung Kim is Professor at the Korea Development Institute (KDI) School of Public Policy and Management. He served as Senior Vice President of KDI and Secretary to the President in Financial Policy. He was also an Assistant Professor at Virginia Tech; Visiting Professor at Columbia University and a World Bank Consultant. His recent research has focused on Sino-Korean economic integration, on restructuring and institutional reforms in Korea’s financial and corporate sectors, and on the role of organizations in Korea’s economic development. His has written number of research articles on Korean Economy. Kim has a Ph.D in Economics from the University of California at San Diego, and a B.S. in Computer Science and Statistics from the Seoul National University.

Rajiv Kumar is currently Secretary General of Federation of Chambers of Commerce and Industry (FICCI). Before moving to FICCI, he was the Director & Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER), one of India’s leading independent economic policy think tanks. He is a member of many important bodies such as Central Board of Directors of the State Bank of India, Telecom Regulatory Authority of India, India Brand Equity Foundation (IBEF) Board of Trustees, and also on the Board of Directors for the United States-India Educational Foundation (USIEF). He was a member of the National Security Advisory Board for two years until October 2008. Dr. Kumar was a Professor at the Indian Institute of Foreign Trade (1987-1989); worked in the Government of India from 1989 to 1995, first in the Bureau of Industrial Costs and Projects, Ministry of Industry (1989-1991) and then as Economic Adviser in the Department of Economic Affairs, Ministry of Finance (1991-1995). He worked at the Asian Development Bank, Manila, for nearly 10 years (1995-2005) and was the Chief Economist at the Confederation of Indian Industry, New Delhi during 2004-2006. He has a D.Phil in Economics from Oxford University and has several books and publications to his credit. He is also an active columnist.

Chang-Ho Kwag has a Ph.D degree in Economics from the University of Texas at Austin, USA (1991). He worked as a Research Fellow in the Investment and Finance Research Institute from 1991 to 1994. In 1994, he joined the POSCO Research Institute (POSRI) as a Research Fellow. He worked for the Korean Government as Counselor for the Prime Minister of the Republic of Korea in the year 2000, and also advised the Korea Fair Trade Commission from 2001 to 2003. Now, as Director of POSRI heading the Center for Global Research, he is doing in-depth research on global steel industry, steel consuming industries and FDI environments in some major countries like China and India. He is also deeply involved in mapping of POSCO Global Strategy. He has published several papers in renowned international journals and every year participates as a speaker in about 4-5 international conferences on steel and steel making raw materials.

Suresh P. Prabhu is an Ex-Federal Cabinet Minister of Industry, Energy, Environment and Forests, Chemicals and Fertilizers, Heavy Industry & Public Enterprises of the Government of India. He was the Member of Parliament, India from 1996-2009. During his tenure as MP, he chaired very important committees such as, Parliamentary Forum on Environment; Parliamentary Maritime Group; Co-operative Forum of Parliamentarians, Parliamentary Standing Committee on Ministry of External Affairs; and was also a member of important parliamentary bodies such as Public Accounts Committee; Joint Parliamentary Committee to draft Women’s Reservation Bill; Parliamentary Standing Committee on Finance and Member, Consultative Committee for the Ministry of Commerce & Industry.

Ajay Shankar is former Secretary to the Government of India, Department of Industrial Policy and Promotion. He joined the Indian Administrative Service in 1973. He has rich and varied experience in the Central and State governments in industrial promotion, the energy sector and urban management and development. As Secretary, Department of Industrial Policy & Promotion, he played a critical role in putting together the stimulus packages at the time of the global economic crisis. Prior to that, he was Principal Adviser in the Planning Commission looking after the water, sanitation and environment and forest sectors as well as provision of rural infrastructure through the Bharat Nirman Programme. As Joint Secretary/Additional Secretary in the Ministry of Power, he played a key role in preparation and enactment of the Electricity Act, 2003 and the rules and policies under the Act.

Narendra Sisodia is the former Director General of the Institute for Defence Studies and Analyses, New Delhi. He was earlier Secretary in the Ministries of Finance and Defence, Government of India and Vice-Chancellor of University of Udaipur. Mr. Sisodia graduated from St. Stephens’ College Delhi and obtained a Master’s Degree from Harvard University, USA, where he was a Mason Fellow. He joined the Indian Administrative Service in 1968 and served in several key economic and national security assignments at the State and Central government level. In the Government of India, he served as Joint Secretary, Ministry of Defence from 1988-1994. As Additional Secretary in the National Security Council Secretariat, he was a member of the Task Force on Reforming the Management of Defence. He has been the Convener of Indian Pugwash Society and a member of the India-China Eminent Persons’ Group.

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