India-South Korea met for Second Foreign Policy and Security Dialogue in New Delhi

India and South Korea decided to cooperate in the areas of civil nuclear energy and space, including the launch of Korean satellites by India. Both of them met in New Delhi on 28 June 2012 during their second foreign policy and security dialogue.
The Indian delegation was led by Sanjay Singh, secretary (east) external affairs ministry, while the Korean side was led by Ahn Ho-young, first vice minister in the ministry of foreign affairs and trade.
Both the sides have decided to encourage enhanced engagement in civil nuclear energy cooperation apart from the launch of Korean satellites by India. The other discussion was a cluster of regional and global issues, including the situation on the Korean Peninsula.
Both India and South Korea also agreed to accelerate work on upgrading their comprehensive economic partnership agreement (CEPA) to ensure that it reflected current realities.

The India-South Korea Bilateral trade and CEPA

The  Bilateral trade soared up by 70 percent to $20.5 billion in 2011 since the implementation of the CEPA since the last two years.
South Korea expressed interest in opening a new consulate general in Chennai while welcoming India's decision to open a new defence Office at its embassy in Seoul before the end of the year,2012.