Page 52 - INVESTOPIA ENGLISH PR REPORT - International Part 3

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.