President's visit to South Korea

India and the Republic of Korea signed an agreement for cooperation in peaceful use of nuclear energy. The deal will help Seoul in getting access to India’s civil nuclear infrastructure, according to local media reports.Local media reports said the agreement will directly help South Korea’s state-run Korea Electric Power Corp that has been seeking a toehold in the Indian nuclear infrastructure market and a better cooperation with Nuclear Power Corporation of India Ltd (NPCIL).

South Korea has become the ninth country which had signed nuclear agreement with India after it got the waiver from the Nuclear Suppliers' Group (NSG) in 2008.

The others are the US, France, Russia, Canada, Mongolia, Kazakhstan, Argentina and Namibia, an official said.

The two countries discussed the possibilities of cooperation in the peaceful uses of outer space and expand the scope of defence cooperation. Singh said the governments of both countries have agreed to revisit their civil aviation agreement and have asked their respective aviation agencies to explore opportunities of extending flights between the two countries.

Indian delegation asked its Korean counterpart to allow their pharma and information technology products and services a better access to the Korean market. The President sought fresh investments from South Korea and invited its companies to set up manufacturing and export units in India.

Besides the agreement on nuclear cooperation, the two sides also signed a Memorandum of Understanding on media exchanges.

In another memorandum of understanding signed between the two countries, both governments agreed to collaborate and make administrative arrangements to help each other on the social security front.

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