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1/2/25, 5:12 PM UAE-Korea SME Committee holds first meeting

UAE-Korea SME Committee meeting. Image Courtesy: Governemtn of UAE
UAE-Korea SME Committee holds first meeting

To enhance partnerships in entrepreneurship, startups and innovation between the two countries

Press Release

December 11, 2024

Chaired by H.E. Alia Al Mazrouei and Korean Minister of SMEs & Startups
Meeting takes place on the sidelines of the UAE delegation’s participation in ComeUp Korea startup festival

Abu Dhabi: The UAE-Korea SMEs and Startup Committee held its first meeting in the Korean capital, Seoul, chaired by Her
Excellency Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, and Her Excellency Oh Youngju, Korean
Minister of SMEs and Startups. The meeting was aimed at strengthening the partnership between the two countries in the fields
of entrepreneurship, startups and innovation, and boosting 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 December 11 and 12.

In this regard, Her Excellency Alia Al Mazrouei emphasized the strength and vitality of the UAE-Korea relations, which are
characterized 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 UAE President His Highness Sheikh Mohammed 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.

Her Excellency said: “We are keen to enhance cooperation with our partners in the Korean government in the field of SMEs and
the Committee meeting is an important step in supporting the competitiveness of the entrepreneurial environment in the
markets of the two countries. It enhances our efforts to provide more enablers that increase our markets’ attractiveness to
entrepreneurs and startups. Besides, it helps us capitalize 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.”

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