SEOUL, April 20 (Yonhap) -- Space authorities of South Korea and India held a joint industry event Monday to expand cooperation and explore space-related business opportunities between the countries, Seoul's space agency said.

The Korea AeroSpace Administration (KASA) said it co-hosted the Korea-India Space Day event with IN-SPACe, India's space industry promotion and regulatory agency, in India's southern city of Bengaluru.

The event was arranged as part of follow-up measures to a memorandum of understanding signed last year between KASA and the Indian Space Research Organization, and on the occasion of South Korean President Lee Jae Myung's visit to India for a summit with Prime Minister Narendra Modi.

At the event, nine South Korean firms, including Korea Aerospace Industries Ltd. and Innospace Co., delivered keynote presentations on their core capabilities, alongside nine Indian companies.

"India, which successfully achieved the world's first landing near the moon's south pole, is an important partner for us," said Oh Tae-seog, head of KASA, adding that the two countries plan to strengthen cooperation to build a leading partnership in the global space economy. 

The headquarters of KASA in Sacheon, about 290 kilometers south of Seoul (PHOTO NOT FOR SALE) (Yonhap)