Page 623 - INVESTOPIA ENGLISH PR REPORT - International Part 4

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.

https://lifestyle.thedam.fm/story/50563230/investopia-strengthens-uaesouth-korea-economic-
partnership-in-sectors-of-venture-investments-entrepreneurship-startups