The MOU scope covers cooperation in project and investment financing related to infrastructure as well as other finance areas of mutual interest, IIFCL said in a statement.
The government has already drawn up plans for huge investments in infrastructure.
The Korean government has also show keen interest in developing infrastructure in India with a variety of overseas experiences and know-how.
K-EXIM, an export credit agency funded by the Korean government, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.