India will work with South Korea to enhance trade relations and tap investments opportunities

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emerging from new economic avenues, President Pratibha Patil said here today.

"Korean companies have become household names in India, and some of our best business houses are also investing in your country. We will work towards maintaining and enhancing these trends," said Patil, who is on a visit here.

Patil acknowledged the presence of Korean companies in Indian market and growing bilateral trade and called for stepping up the dialogues to discuss regional issues.

"In contemporary times, Korean industry has become legendary, and coupled with India's dynamically growing market, we have new economic opportunities which did not exist earlier.

That we are making full use of such openings, can be seen from the fact that our bilateral trade grew 40 per cent in 2010, and is continuing to show a similar trajectory this year too," Patil said at the banquet hosted by Korean President Lee Myung-bak in her honour.

She also called for greater people-to-people contacts between the two countries and cooperation in the UN.