Page 151 - INVESTOPIA ENGLISH PR REPORT - International Part 4
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3/27/24, 2:31 PM             Columbia Business Monthly | Your Business Resource for Columbia & The Midlands | 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 in


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