Page 126 - INVESTOPIA ENGLISH PR REPORT - International Part 4

3/27/24, 2:25 PM Business News - Investopia strengthens UAE-South Korea economic partnership in sectors of venture investments, entrepreneurs…
Investopia strengthens UAE-South Korea economic

partnership in sectors of venture investments,

entrepreneurship & startups

Two new MOUs signed by four UAE & South Korean institutions

DUBAI, UAE, March 13, 2024 /24-7PressRelease/ -- Investopia 2024 witnessed the signing of two memorandums of
understanding (MOUs) between the UAE and the Republic of South Korea. The first MOU was signed by the Dubai
Multi Commodities Center (DMCC) and the Korean Institute of Startup and Entrepreneurship Development (KISED),
while the second partnership is between the Dubai Future District Fund (DFDF) and the Korea Venture Investment
Corporation (KVIC).

The MOUs underline Investopia's role in enhancing dialogue and connectivity between national and international
institutions and bodies, creating promising opportunities for business communities. It contributes to developing new
partnerships that support the shift towards new economic sectors, and enhancing investment horizons in the venture
capital sector, small and medium enterprises, entrepreneurship, financial technology, artificial intelligence, and the
circular economy as key sectors that lead the world's economies to sustainable growth.

The two agreements were signed in the presence of H.E. Abdulla bin Touq Al Marri, UAE Minister of Economy and
Chairman of Investopia, and H.E. Daehee Lee, Deputy Minister at the Korean Ministry of Small and Medium
Enterprises and Startups. The first agreement was signed by Mr. Ahmed Hamza, Executive Director of the Free
Zone, representing the Dubai Multi Commodities Center, and Mr. Ganghun. Lee, Vice President of the Korea Institute
for Startup and Entrepreneurship Development. Mr. Abdul Basset Qaid, Head of Capital Funding at the Dubai Future
District Fund, and Mr. Hyung-chul Koo, Senior General Manager at KVIC, signed the second MOU.

The agreement between DMCC and KISED is aimed at providing comprehensive support to startups and
entrepreneurs and facilitating the exchange of experiences between the two parties to achieve mutual benefit and
apply best market practices. It will also facilitate the entry of UAE startups to Korean markets and vice versa and
enhance cooperation in new industries such as the entertainment sector, digital games, blockchain, and non-fungible
token (NFT) technologies.

Meanwhile, the agreement signed between DFDF and KVIC aims to enhance cooperation between the two parties in
the field of venture investments, share visions and experiences in startups, and enhance their expansion and global
growth, as well as exchange invitations to participate in relevant international events.

The latest MOUs add to the already strong UAE-Korean relations, strengthening their strategic partnership in the
fields of energy, investment, emerging industry and new economy sectors. Moreover, they highlight Investopia's
success in driving investment initiatives and projects at the local and global levels and encouraging investors and
governments to explore various investment and economic opportunities.

Investopia 2024 brought together a wide array of investors, government representatives, entrepreneurs and experts
over the two days of the event that took place in Abu Dhabi, UAE, at the end of last February; which witnessed the
attendance of more than 2,500 participants and more than 90 speakers who addressed the latest investment and
economic trends.

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