Indian news agency IANS reports that technology firms of India and South Korea, as part of a newly inked agreement to join hands in the cyber world, may collaborate on the Internet of Things, or IoT.
South Korea President Park Geun-hye, during her visit to India last week, pitched for IoT as one area where the two countries should work jointly and address other markets.
Communications & IT Minister Kapil Sibal and South Korean Science, ICT and Future Planning Minister Choi Mun-Kee signed a “Joint Declaration Of Intent” between the two ministries to “promote, facilitate and support joint ventures, joint initiatives and markets in the ICT sector”. The two sides also agreed to establish the ICT Policy Forum and hold its first meeting this year to discuss cooperation on software and information security, the report said.