Asia / Market profile
A research starting point for understanding South Korea from an Indian business perspective.
Last updated: 4 October 2026
South KoreaIndia-focused research
Source: Time.is
View sourceKey indicators for the selected market. Country indicators are dated; trade figures use the latest available year.
51.75M
2024
World Bank
View sourceUS$1875.39B
2024
World Bank
View source2.0%
2024
World Bank
View sourceUS$631.77B
2024
WTO Tariff & Trade Data, WTO IDB
View sourceWorld Bank indicators and WTO IDB merchandise imports refer to 2024. Imports exclude services. Country-specific regulatory requirements remain research prompts unless supported by an attached source.
Last verified: 4 October 2026
Data years: Population: 2024; GDP: 2024; GDP growth: 2024; Import market size: 2024
Historical exports and leading recorded products, not a forecast of demand.
US$6.63B
-2.6% YoYIndia exports to South Korea (2024)
Source: CEPII BACI HS17 via India Trade Routes
Recorded route summary
India recorded exports to South Korea in every BACI year from 2017 to 2024. In 2024, India's exports to South Korea were $6.63B, down 2.6% year over year. The 3 largest HS6 products by value were Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils (HS 271000, $1.34B, 20.3% of the total); Aluminium: unwrought, (not alloyed) (HS 760110, $553.3M, 8.3% of the total); Turbo-jets: of a thrust exceeding 25kN (HS 841112, $552.9M, 8.3% of the total).
HS6 271000
HS6 760110
HS6 841112
Four research lenses to understand the market, not a recommendation to enter it.
South Korea recorded US$631.77B of merchandise imports in 2024. Investigate product-specific buyers before drawing demand conclusions.
Source: WTO Tariff & Trade Data, WTO IDB (2024)
View sourceCheck the linked evidence and its date before acting.
Review technical fit, localisation, delivery capacity and support.
This research guidance has no linked supporting evidence yet.
Research India-Korea CEPA schedules and rules of origin for the actual product.
Source: India Ministry of Commerce
View sourceCheck the linked evidence and its date before acting.
Assess staffing, operating responsibilities, costs and decision points before committing.
This research guidance has no linked supporting evidence yet.
Choose a research focus. No sector has been established as an opportunity in this country.
Possible routes to evaluate, not recommendations for this country.
Evaluate buyer access, contracting, delivery and support.
01Indian business
02Entry route
03Buyer or partner
04Local operations
05Expansion
Check these against your product, HS code and business model.
What to check
Define buyers and test demand with current product-specific evidence.
What to check
Verify classification, restrictions and documentation.
What to check
Check the applicable schedule and rules of origin before assuming eligibility.
What to check
Verify regulators and activity or product requirements.
What to check
Obtain current transaction-specific guidance; tax treatment remains pending verification.
What to check
Compare costs, control, delivery and responsibilities without recommending a route.
Verify current requirements with the relevant authority before acting. This is not legal or tax advice.
Verify incorporation, investment and activity permissions with the relevant authority.
Verify incorporation, investment and activity permissions with the relevant authority.
Verify classification, documentation, restrictions and importer responsibilities.
Verify classification, documentation, restrictions and importer responsibilities.
Verify entity and transaction tax obligations with qualified advisers.
Verify entity and transaction tax obligations with qualified advisers.
Verify processing, privacy and sector requirements for the data involved.
Verify processing, privacy and sector requirements for the data involved.
Verify standards, conformity, labelling and approvals.
Verify standards, conformity, labelling and approvals.
Identify the regulator and verify activity permissions.
Identify the regulator and verify activity permissions.
Explore sourced bilateral information relevant to Indian businesses.
No institutional endorsement or partnership is implied.
South KoreaExplore recorded exports and products in the trade section above.
View trade dataIndia's Ministry of Commerce records signature on 7 August 2009 and entry into force on 1 January 2010. Verify applicable schedules and origin documentation.
Source: India Ministry of Commerce
India's Ministry of Commerce records signature on 7 August 2009 and entry into force on 1 January 2010. Verify applicable schedules and origin documentation.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: India Ministry of Commerce
Last verified: 4 October 2026
View sourceThe Indian Embassy in Seoul provides official bilateral resources. No institutional endorsement is implied.
Source: Indian Embassy Seoul
The Indian Embassy in Seoul provides official bilateral resources. No institutional endorsement is implied.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: Indian Embassy Seoul
Last verified: 4 October 2026
View sourceIdentify potential partners through further research. No relationship is implied.
Identify potential partners through further research. No relationship is implied.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Consult official embassy resources and verify their scope for the intended activity.
Source: Indian Embassy Seoul
Consult official embassy resources and verify their scope for the intended activity.
Use the source and its scope to guide further research; no relationship or tariff entitlement is implied.
Source: Indian Embassy Seoul
Last verified: 4 October 2026
View sourceIdentify the product and HS code, test demand, verify CEPA eligibility, import requirements, standards and taxes before comparing routes.
Understand the market
Identify relevant sectors
Assess your readiness
Evaluate entry routes
Identify partners
Build an expansion plan
Discover → Prepare → Connect → Expand
Source and research starting points for this country briefing.
Start with your business context before drawing conclusions about a market.
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