The MoU creates a structured framework for collaboration between the two countries, enabling continuous dialogue on key MSME issues and encouraging exploration of mutually beneficial opportunities, the ministry said in a statement.
“It seeks to promote a deeper understanding of each other’s MSME ecosystems and enhance engagement between stakeholders,” it added.
The agreement aims to boost trade and investment through exchange of information and experts, sharing of best practices, business matchmaking, and support for technical and economic cooperation. It also backs joint initiatives to strengthen linkages between MSMEs in both countries.
The ministry described the partnership as an important step in advancing India-Korea economic ties, reflecting a shared commitment to empowering MSMEs as engines of inclusive growth, innovation and employment.