Korea Plus is a bilateral investment facilitation cell, or special initiative, established through an agreement between the governments of India and the Republic of Korea. It functions as a single-window support agency for South Korean businesses that are exploring or expanding their presence in India. The initiative was conceived following the Indian Prime Minister's visit to South Korea in May 2015. An MoU for its establishment was signed in January 2016 between the Ministry of Trade, Industry and Energy of the Republic of Korea and Invest India, the National Investment Promotion & Facilitation Agency of India. It was officially launched and operationalized on June 18, 2016, in New Delhi. The core problem it solved was providing a dedicated, coordinated mechanism to promote, facilitate, and retain Korean investments, thereby giving impetus to the 'Make in India' programme.
The mechanism of Korea Plus involves a team comprising representatives from the Korean Ministry of Industry, Trade and Energy, the Korea Trade Investment Promotion Agency (KOTRA), and Invest India. It provides end-to-end assistance, including market entry strategy, regulatory navigation, company incorporation, and operational support. It also engages in policy advocacy, conveying investor concerns to Indian authorities to improve the business environment. This initiative is instrumental in promoting the goals of the India-Korea Comprehensive Economic Partnership Agreement (CEPA). It connects to the broader economic goal of the two nations to nearly double bilateral trade to $50 billion by 2030. While the structure has remained consistent, the Indian government expressed a keenness to strengthen the cell in September 2017, reflecting a continuous commitment to its mandate.