India and South Korea Friday entered into a five-year defence cooperation accord by signing two memorandums of understandings on sharing of military expertise and technology, according to PTI. Indian Defence Minister A K Antony and his Korean counterpart Kim Tae-Young signed the two agreements in Seoul during the former's two-day official visit there. "Heralding a new chapter in the history of defence cooperation, India and South Korea today signed two landmark Memorandum of Understanding (MOU) to give a huge boost to the Strategic Partnership between the two countries," Defence Ministry spokesperson Sitanshu Kar said in a release from Seoul. The two MoUs were signed at the end of nearly 90-minute intensive discussions between the delegations of the two countries, he said. After the signing of the agreements, Antony said New Delhi would be happy to see the defence industry relationship to be "more than a buyer-seller relationship" and its further evolution into Transfer of Technology, joint production and joint Research and Development.
