NEW DELHI: A reciprocal social security agreement (SSA) and protocol that will benefit a huge number of Indians — particularly those working in the fields of Information Technology, medicine and finance — was signed in Seoul on Tuesday.
Overseas Indian Affairs Minister Vayalar Ravi and Korean Minister for Trade Kim Jong-hoon signed the pact.
An official release said a number of Indians were working in Korea, most of them professionals and self-employed persons.
There was huge potential for the employment of Indians in Korea owing to a large gap in market labour supply.
An SSA with Korea would enhance the movement of professionals, and strengthen the trade and investment, between the two countries.
Negotiations between India and Korea were held in New Delhi from December 8-10, 2009.
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