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3/22/24, 12:05 PM UAE and South Korea to support venture investments and startups - My Startup World - Everything About the World of Startups!

UAE and South Korea to support venture investments and
startups

BY: EDITOR ON: MARCH 12, 2024 IN: NEWS

Investopia 2024 witnessed the signing of two 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 agreement between DMCC and KISED aims to provide comprehensive support to startups and
entrepreneurs and facilitate 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 venture investments, share visions and experiences in startups, enhance their
expansion and global growth, and 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.

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