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3/21/24, 2:33 PM Investopia 2024 strengthens UAE-South Korea economic partnership in venture investments and startups
Investopia 2024 strengthens UAE-South Korea economic partnership across sectors
Two new MoUs signed by four UAE and South Korean institutions

The MoUs underline Investopia’s role in enhancing dialogue and connectivity between national and international institutions (Supplied)
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).
Read more: Investopia 2024: 11 panels exploring investment opportunities in new economy
Fostering dialogue and connectivity
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.

Comprehensive support for startups and entrepreneurs
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

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