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S. Korean Firms Sign MOUs Worth USD2.7 M with Indian Partners

According to Yonhap News,

(SEOUL=Yonhap News) South Korea said Wednesday that seven of its tech companies inked memorandums of understanding with their Indian counterparts -- a move that could help local firms make inroads into the one of fastest-growing markets in the world.

The total value of the MOUs came to US$2.7 million, South Korea's Ministry of Science and ICT said. The seven firms included Irience Co., a provider of iris recognition solutions.

The MOUs were signed at a hotel in New Delhi where more than two dozens of South Korean tech firms held business meetings with Indian buyers on the occasion of South Korean President Moon Jae-in's state visit to India.

Separately, 12 South Korean and Indian startups pitched their business ideas at the "K-Global @ India 2018: Demo Day" event hosted by Born2Global, a South Korean government agency intended to foster startups with potential for entering the global market.

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Source: Yonhap News (July 11, 2018)

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