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3/27/24, 2:22 PM Investopia strengthens UAE-South Korea economic partnership in sectors of venture investments, entrepreneurship & startups | A…

Investopia strengthens UAE-South Korea economic partnership in sectors

of venture investments, entrepreneurship & startups

Mar 13, 2024 | Business

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.

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