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Her effort helped India consolidate their position at second place in the medal tally with two Gold, one Silver and one Bronze medal.
For India, it is their second defeat against Malaysia in little less than two months. Roelant Oltmans' men had earlier lost 0-1 to the same opponents in the Azlan Shah Cup last month.
In women's singles, Saina Nehwal and P V Sindhu lost one place each to slump to fourth and 16th positions respectively.
Srikanth, who had edged out Son Wan Ho in the semifinals of Indonesia Open last week, once again had an upper hand against the World No. 1 Korean, beating him 15-21 21-13 21-13 in a 57-minute clash.
The 22-year-old Chinese number 1 boxer Zulpikar Maimaitiali, currently holds the WBO Oriental Super Middleweight Champion Title.
As she is not competing, Karmakar said she is using the time to work on fitness and completing her studies.
Formula One currently has 10 teams, down from 11 in 2016, following the demise of tail-enders Manor after the end of last season.
Mary Kom, returning to competitive action after a one- year hiatus, will take on the winner of the bout between Russia's Anna Aedma and Korea's Chol Mi Bang on Thursday.
Bolt, who has won three Olympic 100m-200m doubles, will only compete in the 100m for his farewell at the worlds.
The sport`s first woman team principal, and the second Indian-born after Force India`s Vijay Mallya, Kaltenborn joined Sauber in 2000 to run the legal department and took over as chief executive in 2010.
Ranked sixth in the world, India start as overwhelming favourites against the 14th placed Malaysia.
Defender Sushila Chanu Pukhrambam has been named as Rani's deputy for the tournament.
Netherlands topped Pool B with an all-win record from four matches, while India finished second with three wins from four games.
India may well have suffered a 180-run rout at the hands of Pakistan in the Champions Trophy final but they came out on top on the other side of London -- in field hockey.
Having heir campaign with a 4-1 win over Scotland, Team India defeated Canada 3-0 and then a resounding 7-1 win over Pakistan.
Woods, 41, was arrested on suspicion of driving under the influence of drugs or alcohol, although he did not show any sign of alcohol in a breathalyzer test.