Page 233 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024

3/21/24, 2:33 PM Investopia strengthens UAE-Korea economic partnership in venture investments, entrepreneurship, startups – The Gulf Time New…
Investopia strengthens UAE-Korea economic

partnership in venture investments,

entrepreneurship, startups

ABU DHABI/ WAM

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.
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

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