Page 35 - INVESTOPIA ENGLISH PR REPORT FEBRUARY - MARCH 2024
P. 35

Press release




                 Investopia strengthens UAE-South Korea economic partnership
                  in sectors of venture investments, entrepreneurship & startups




                       Two new MOUs signed by four UAE & South Korean institutions



               Abu Dhabi, March 11, 2024:



               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).


               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.
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