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3/27/24, 2:41 PM     Investopia strengthens UAE-South Korea economic partnership in sectors of venture investments, entrepreneurship & startups
        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 /Government PR News/ -- 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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