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1/2/25, 5:12 PM UAE-Korea SME Committee holds first meeting in Seoul - Aletihad News Center

UAE-Korea SME Committee holds first meeting in Seoul

UAE-Korea SME Committee holds first meeting in Seoul

11 Dec 2024 14:44

SEOUL (WAM)

The UAE-Korea SMEs and Startup Committee held its first meeting in the Korean capital, Seoul, chaired by Alia bint
Abdullah Al Mazrouei, Minister of State for Entrepreneurship, and Oh Youngju, Korean Minister of SMEs and Startups.

The meeting aimed to strengthen the partnership between the two countries in entrepreneurship, startups, and
innovation and boost cooperation between relevant institutions and stakeholders on both sides. The meeting took
place on the sidelines of the UAE delegation's visit to Korea to participate in the "ComeUp 2024" startup festival held
on 11th and 12th December.

Al Mazrouei emphasised the strength and vitality of UAE-Korea relations, characterised by distinguished and
advanced strategic partnerships in all fields and the exchange of high-level visits. The most recent of this was the visit
of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to Korea last May, during which the two countries
signed the Comprehensive Economic Partnership Agreement, expanding the fields of economic and investment
cooperation.

She said that the Committee meeting is an important step in supporting the competitiveness of the entrepreneurial
environment in the markets of the two countries. It enhances efforts to provide more enablers that increase our
markets' attractiveness to entrepreneurs and startups. Besides, it helps capitalise on the advanced infrastructure and
flexible legislative policies offered by both the UAE and Korea to support startup owners and motivate them to achieve
more innovation and creativity.

Al Mazrouei added, "The topics and themes discussed by the Committee meeting today will play a key role in
expanding the partnership between the two countries in the field of entrepreneurship and enhancing SMEs' ability to

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