The South Korean delegation was led by the country's Consul General in Mumbai, Kim Soungeun.
The main objective of the MoU is to help Gujarat-based small and medium enterprises (SMEs) to explore opportunities through joint ventures with South Korean firms, especially in areas of automobile, defence and textiles, said GCCI president Shailesh Patwari.
"We import lubricants and auto parts for industry. Now that Gujarat is becoming an auto hub, JVs with Korean companies will help our SMEs. Our intention is also to support our SMEs in manufacture of defence equipment with the help of Korean companies," Patwari said.
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