South Korea and India will cooperate and develop next-generation technology on aerospace, airline, and software related fields. Through Korea-Indo collaboration, it is expected to procure and foster many people of talent. Along with India's on-going 3G frequency development, they plan to standardize WiBro as their new telecommunication system and seek out to enter the local market.
President Lee Myung-Bak will make a state visit to India on the 24th at the request of President Pratibha Patil of India, in order to strengthen national ties that concern with science and information technology (IT) subject. The two nations signed and exchanged a bilateral Memorandum of Understanding (MOU) that have to do with promoting aerospace technology and the two countries plan to back technology development and cultivate skilled manpower. Also, they will pull together a common purse for science development and they will jointly build a technology center, advocated by Indian Institute of Technology.
Korea will get involved in India's Electronic government projects and Social Overhead Capital (SOC) infrastructure that contend with software technology. During the talks between the two nations, they will tackle WiBro next generation standards, whether Korean WiBro related devices and companies are able to advance into the Indian market.
