India and Korea have inked three accords to enhance economic and cultural ties. They also decided to commence negotiations on forging nuclear energy cooperation soon.External Affairs Minister S M Krishna, currently on an official visit there, co-chaired the 6th meeting of India-ROK Joint Commission along with his Korean counterpart Yu Myung-Hwan, where two ministers agreed to launch negotiations for the conclusion of an Inter-Governmental Agreement on Peaceful Uses of Nuclear Energy.<br/>An official statement said in New Delhi that the two ministers agreed to launch negotiations between the two countries, at an early date, for the conclusion of such an agreement.<br/> <br/>The two countries also signed three MoUs, including one on Cooperation in the field of Small and Medium Enterprises. Cooperation between ICCR and Korea Foundation, and that between Indian Council for World Affairs (ICWA) and the Institute for Foreign Affairs and National Security(IFANS) of the RoK formed the other areas of the MoUs.<br/> <br/>The two ministers discussed ways to enhance bilateral defence and security cooperation including through expanded naval cooperation in anti-piracy operations in the Indian Ocean.<br/> <br/> Krishna proposed establishment of the dedicated Joint Science & Technology Fund of 10 million dollars with a contribution of USD 5 million by each side to promote joint research between scientists and technologists of the two countries.<br/> <br/>He underscored the importance of implementation of the MoU on Cooperation in the Peaceful Uses of Outer Space, including through the launch of Korean satellites by Indian rockets.<br/>