India and South Korea are actively working towards addressing the trade imbalance between the two nations through the review of the Comprehensive Economic Partnership Agreement (CEPA). The Indian Ambassador to South Korea, Amit Kumar, emphasized the need for a fair and balanced trade relationship and highlighted the exploration of new economic cooperation avenues, particularly in green hydrogen and manufacturing sectors. The CEPA, established in 2010, has led to increased trade between India and South Korea. However, India has been facing a growing trade deficit with South Korea, prompting discussions to enhance export competitiveness and address market access issues and non-tariff barriers. Ambassador Kumar pointed out the ongoing expansion of manufacturing in India, which is expected to boost exports to Korea. He also highlighted South Korea's interest in countries like India to support its green hydrogen ambitions, signaling future collaboration in this sector. South Korean investments in India, such as Hyundai Motor Group's commitment of USD 2.45 billion to the electric vehicle ecosystem, reflect the increasing bilateral cooperation. The two countries are also engaged in joint research projects, scientific collaborations, and initiatives to facilitate mobility and migration partnerships. With bilateral trade at approximately USD 25 billion, Ambassador Kumar sees significant potential for growth and emphasized the importance of strengthening people-to-people contacts. The collaborative efforts between India and South Korea aim to create a more balanced and mutually beneficial trade relationship while promoting advancements in green energy and other key sectors.