India, South Korea sign 7 pacts to enhance cooperation in infra, start-ups

The memorandum of understandings were signed after the two leaders held "constructive" talks on enhancing bilateral cooperation in a number of areas

India and South Korea signed seven agreements on Friday to enhance cooperation in key areas, including infrastructure development, media, start-ups and combating trans-border and international crime, during Prime Minister Narendra Modi's visit to the country.

Modi, who is on a two-day visit to South Korea to strengthen India's strategic ties with the country, was accorded an official reception at the Blue House, the executive office and official residence of the South Korean President Moon Jae-in here. He also met First lady Kim Jung-sook.

The memorandum of understandings (MoUs) were signed after the two leaders held "constructive" talks on enhancing bilateral cooperation in a number of areas including trade, investment, defence and security.

Ministry of External Affairs spokesperson Raveesh Kumar said that seven documents between India and South Korea were signed/exchanged in the presence of the two leaders on cooperation in media, start-ups and police among others.

An MoU was signed between Korean National Police Agency and the Ministry of Home Affairs to enhance cooperation between the law enforcement agencies of the two countries and combat trans-border and international crimes.

Another agreement was signed for releasing a joint stamp, commemorating Princess Suriratna (Queen Hur Hwang-ok), a legendary Princess of Ayodhya, who went to Korea in AD 48 and married King Kim-Suro. A large number of Koreans trace their ancestry to the princess.

The two sides also signed an agreement to continue operations of Korea Plus organisation that facilitates investments by Korean companies in India. Korea Plus was operationalised in June 2016, and comprises representatives from the Ministry of Industry, Trade and Energy of South Korea, Korea Trade Investment and Promotion Agency (KOTRA) and Invest India.

The two countries will promote collaboration among start-ups and set up a Korea Start-up Centre (KSC) in India to commercialise ideas, technologies and designs of start-up companies.

The Korean Broadcasting System (KBS) and Prasar Bharti have agreed to facilitate the broadcast of DD India Channel in South Korea and KBS World Channel in India.

An agreement was signed on fisheries and aquaculture for strengthening cooperation by encouraging exchanges, organising training workshops and development and utilisation of marine science and technology in the fields of fisheries and aquaculture.

Another MoU was signed between the National Highways Authority of India and Korea Expressway Corporation to promote bilateral cooperation in road and transport infrastructure development projects of India, and facilitate technical and institutional knowledge exchange in the field of road and transport.

Modi is visiting South Korea on the invitation of President Moon. This is his second visit to the Republic of Korea since 2015 and second summit meeting with the South Korean president.