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3/27/24, 2:30 PM                    Insights and Opportunities in Chinese Companies - ChineseWire - Press Releases




                                                     Investopia strengthens


                                                     UAE-South Korea

                                                     economic partnership in

                                                     sectors of venture


                                                     investments,

                                                     entrepreneurship &

                                                     startups



                                                     24-7 Press Release Newswire  Wednesday, March 13, 2024 at 11:00am GMT+4







           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

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