Page 235 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024
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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


      https://economymiddleeast.com/news/investopia-2024-uae-south-korea-partnership/                               1/2
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