Korea, India to Upgrade Strategic Partnership(3)

Korea, India to Upgrade Strategic Partnership(3)

Science and Technology Cooperation


• Recognized the importance of strengthening cooperation in the field of science & technology. They welcomed the outcome of the Meeting of the Joint Committee on Science & Technology held in Seoul in December 2009 and endorsed the decision of the two sides to consider creating a dedicated fund of $10 million (with a contribution of $5 million by each side) to promote joint research.

• Agreed to strengthen cooperation in the information technology sector including through the expansion of mutual investment and personnel exchanges.

• Welcomed the signing of the MOU on cooperation in the peaceful uses of outer space between the Indian Space Research Organisation (ISRO) and the Korea Aerospace Research Institute (KARI) and expressed confidence that the MOU will facilitate strong cooperation between the two countries in this important sector.

• Shared the view that nuclear energy can play an important role as a safe, sustainable and non-polluting source of energy. They agreed to facilitate development of a framework for bilateral civil nuclear cooperation.

Social and Cultural Cooperation

• Agreed to designate the year 2011 as the Year of Korea in India and the Year of India in the ROK.

• The Indian side also welcomed the ROK initiative to open a Korean Cultural Centre in New Delhi in 2011, which will go a long way in further promoting awareness about Korean life and culture in India.