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3/28/24, 10:48 AM                             Small Business - Jessamine Journal | Jessamine Journal




                                                     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 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


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