Page 226 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/21/24, 2:31 PM Investopia strengthens UAE-South Korea economic partnership in sectors of venture investments, entrepreneurship & startups
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,

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.

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