NEW DELHI, South Korean President Moon Jae-in and Indian Prime Minister Narendra Modi met with their countries' top business leaders Tuesday to discuss ways to further promote economic exchanges and investment between the countries and also remove difficulties facing the companies in both countries.

The special business roundtable came shortly after the leaders held a bilateral summit here in New Delhi.

The business meeting, held at India's state guesthouse, largely sought to identify and resolve problems facing the private firms here and in South Korea.

"President Moon listened to the difficulties that may face companies when doing business and encouraged the business people of the two countries who are working hard despite many difficult conditions in the global economy," Moon's presidential office Cheong Wa Dae said in a press release.

In their bilateral summit, Moon and Modi vowed efforts to more than double their countries' bilateral trade from the current US$20 billion to $50 billion in 2030.

To this end, the leaders called for an early conclusion of ongoing negotiations to upgrade the countries' bilateral free trade agreement, known as the Comprehensive Economic Partnership Agreement.

Source: Yonhap News Agency