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3/27/24, 2:35 PM Connect Fayetteville | 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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