The MoU is designed to help both countries to encourage and facilitate development of ports, port-related industries and maritime relationship.
It will also enhance co-operation on sharing of technology and exchange of information on construction, building, engineering and related aspects in the field of port development, among others, the ministry said.
The MoU was signed by India Road, transport and highways and shipping minister Nitin Gadkari and South Korea’s minister of oceans and fisheries Kim Young Suk.