Page 217 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/22/24, 12:05 PM UAE, Korea Boosts Collaboration in Startups, Venture Investment, and New Economy Sectors
Investopia 2024 witnessed the signing of two memorandums of understanding

(MoUs) between the UAE and the Republic of 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 Abdullah bin Touq Al

Marri, Minister of Economy and Chairman of Investopia, and Daehee Lee,

Deputy Minister at the Korean Ministry of Small and Medium Enterprises

and Startups. The first agreement was signed by Ahmed Hamza, Executive

Director of the Free Zone, representing the Dubai Multi Commodities Center,

and Ganghun. Lee, Vice President of the Korea Institute for Startup and

Entrepreneurship Development. Abdul Basset Qaid, Head of Capital Funding

at the Dubai Future District Fund, and Hyung-chul Koo, Senior General

Manager at KVIC, signed the second MoU.

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