The MoU would facilitate and promote bilateral cooperation between the startups of both countries, subject to their national laws and regulations and any applicable international treaties, conventions and agreements to which the two countries are party.
A media release (27th of March) said, the Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its ex-post facto approval on the Memorandum of Understanding (MoU) between India and Republic of Korea on Startup Cooperation.
The MoU was signed in February, 2019.
The MoU would facilitate and promote bilateral cooperation between the startups of both countries, subject to their national laws and regulations and any applicable international treaties, conventions and agreements to which the two countries are party.
