New Delhi, Oct 1 (TIWN): As life rapidly comes back to normal in India after being hit by a brutal second wave of Covid 19, economic and trade activities between India and South Korea are expected to pick up steam.

Bilateral trade between India and South Korea touched $21.5 billion only in 2018 -- crossing the $20 billion mark for the first time despite the trade pact -- Comprehensive Economic Cooperation Agreement (CEPA) that was signed in 2010.

"The target is to touch $50 billion by 2030," Chang Jae-bok, South Korea's Ambassador to India told India Narrative. "South Korea and India have a special relation and we will have talks (to figure out) how to boost trade further," he said, speaking on the sidelines of the 10-day ‘Korea fair in India'.

The two countries are expected to focus on ways that to strengthen political and security co-operation as well.

Change said that several Korean companies are interested in investing in India. "We also need Indian companies to go to Korea and invest there," he said.