Page 577 - INVESTOPIA ENGLISH PR REPORT - International Part 4

3/28/24, 10:22 AM taosnews.com | 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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