India and South Korea 09 July 2018 signed five MoUs in the field of Science & Technology. Union Minister for Science & Technology, Dr. Harsh Vardhan and his South Korean counterpart, Mr. You Young Min signed three MoUs for:-
1. Programme of Cooperation 2018-21.
2. Establishment of Future Strategy Group.
3. Cooperation in Biotechnology & Bioeconomy.
The MoU on Establishment of Future Strategy Group was signed by Indian Science & Technology and Commerce Ministers, while on the Korean side, it was signed by Science and ICT and Trade Ministers.
Two other MoUs were signed between Council of Scientific & Industrial Research (CSIR), and South Korean National Research Council for Science & Technology and IIT Mumbai and Korea Institute of Science &Technology, to further accelerate future-oriented cooperation in their respective sectors. The MoUs were signed at the conclusion of the 4th India-Korea Science & Technology Ministers Steering Committee Meeting.
The two Ministers reviewed bilateral S&T cooperation between the two countries since the last meeting of the Steering Committee at Seoul in November 2015. Both Ministers agreed to establish Indo-Korean Center for Research and Innovation (IKCRI) in India, which will act as the hub for system operation and management of all cooperative programmes in research and innovation between the two countries including innovation & entrepreneurship and technology transfer.
It was also agreed to jointly establish two additional India-Korea Joint Network Centres in areas among ‘Cyber-Physical System- Artificial Intelligence, Internet of Things focused on agriculture, energy, water and transportation and ‘Semiconductor Electronics’. These centers will leverage existing infrastructure and funding available from the partners on both sides in focused applied research areas, which have potential towards technology development.
In the area of biotechnology, New Delhi and Seoul have agreed to extend cooperation in health and medicine, agro-fishery products developed with the adoption of biotechnology; environment-related challenges and developing environmental and energy sectors through biotechnology, big data biotechnology; bio-research resources; synthetic biology, genome editing, and microbiomes, etc.