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.