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1/2/25, 5:14 PM UAE-Korea SME Committee holds first meeting in Seoul
UAE-Korea SME Committee holds first

meeting in Seoul

WAM
11 Dec 2024, 20:32 GMT+10

SEOUL, 11th December, 2024 (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.

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