BANGALORE: Reinforcing relations between Republic of Korea, which is a global powerhouse in electronics and automobiles sector, and Karnataka, a frontline state in technology, would give an impetus to the bilateral economy, Chief Minister Basavaraj Bommai said on Thursday.

The group from the Republic of Korea, which was led by Chang Jae-bok, the ambassador to India, conducted a bilateral session with the chief minister.

Bommai noted that Korea and Karnataka had long-standing relationships and praised Korea for producing high-quality goods with cutting-edge technology. "With a competent labour force, India and the state of Karnataka are establishing themselves as significant economies. India has been a popular choice for investors. About 38% of all FDI entering the country is directed toward the states, with Karnataka leading the pack "said Bommai.

The majority of worldwide R&D facilities in the world are located in Karnataka, which is also the centre of the world's technology-based industry. Bommai pitched to the South Korean team that cooperation between Korea and Karnataka would be highly advantageous from an economic standpoint for both parties.

The Chief Minister extended a warm invitation to the Korean delegation to actively participate in the November Bengaluru Tech Summit and Karnataka Global Investors Meet.

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