1. Prime Minister Narendra Modi held wide-ranging talks with South Korean President Park Geun-hye at Cheong Wae Dae.

2. "We have agreed to upgrade the bilateral relationship to 'Special Strategic Partnership'," Modi said at a joint press interaction with President Park after their "excellent" talks.

3. "We have laid the foundation for a relationship that two major Asian countries with shared values should have," he said, adding that decisions reflect how seriously the two countries take the new framework of the relationship.

4. Modi said South Korea is the second country (after Japan) with which India will have a diplomatic and security dialogue in 2+2 format, referring to a bilateral dialogue process involving the Foreign and Defence Ministers of the two sides.

5. Stating that the national security councils of the two sides will have regular cooperation, Modi said the two nations have agreed to expand cooperation between their armed forces.

6. The Prime Minister said South Korean President's response has been positive on the participation of Korean companies in the defence sector in India.

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