New Delhi, Aug 1 (IANS) India and South Korea Wednesday signed an agreement to collaborate in strengthening institutions and processes for democracy, good governance and rule of law in the two countries.

A Memorandum of Understanding (MoU) was signed by Chief Election Commissioner of India V.S. Sampath and the chairperson of the National Electoral Commission of Republic of Korea Justice Nung Hwan Kim.

We are aware of Korea's formidable record in democratic functioning and good electoral practices, said Sampath.

The MoU has been signed with the common mission of strengthening institutions and processes for democracy, good governance and rule of law in the two countries through combined efforts.

The Korean Election Commission is now the chair of the Association of Asian Election Authorities and India is the vice-chair.