Partnership
DMCC seals deal with Seoul Business Agency to boost UAE-South Korean ties
Written by Jemma Jeon, 28. May 2024DMCC signed a strategic partnership with Seoul Business Agency to boost innovation between the UAE and South Korea, in line with DMCC's ongoing commitment to forging strategic partnerships with South Korea to promote innovation and deepen bilateral trade and business ties in the region.
To provide comprehensive support and assistance to startups to foster bilateral innovation, trade and entrepreneurialism
Seoul Business Agency (SBA) serves as the Seoul Metropolitan Government’s economic promotion agency and is dedicated to fostering economic growth in Seoul. It provides crucial support to SMEs, from incubating global startups to enhancing technological competitiveness.
The strategic partnership between DMCC and SBA will include a range of measures to boost support and assistance to startups and entrepreneurs, including facilitating the exchange of knowledge, expertise and resources. The partnership will boost the expansion of South Korean startups in the UAE market through dedicated acceleration programmes for exceptional South Korean startups run by AGCC, in partnership with DMCC.
The strategic partnership between DMCC and SBA will include a range of measures to boost support and assistance to startups and entrepreneurs, including facilitating the exchange of knowledge, expertise and resources. The partnership will boost the expansion of South Korean startups in the UAE market through dedicated acceleration programmes for exceptional South Korean startups run by AGCC, in partnership with DMCC.
"I am confident that DMCC will serve as an excellent bridgehead between Seoul and Dubai."
Hyunwoo Kim, CEO SBA
Hyunwoo Kim, CEO, Seoul Business Agency:
“Having visited in person, I could truly appreciate why DMCC has been selected as the best free economic zone for nine consecutive years. As the interest in Seoul’s innovative companies entering the GCC region and expanding their business grows day by day, I am confident that DMCC will serve as an excellent bridgehead between Seoul and Dubai. I look forward to this MoU leading to concrete collaborative projects soon, resulting in mutually beneficial outcomes.”
“Having visited in person, I could truly appreciate why DMCC has been selected as the best free economic zone for nine consecutive years. As the interest in Seoul’s innovative companies entering the GCC region and expanding their business grows day by day, I am confident that DMCC will serve as an excellent bridgehead between Seoul and Dubai. I look forward to this MoU leading to concrete collaborative projects soon, resulting in mutually beneficial outcomes.”
This strategic agreement reflects the rapidly expanding relations between DMCC and South Korea
Ahmed Bin Sulayem, CEO, DMCC:
“DMCC is home to half of the Korean business presence in the UAE with almost 100 South Korean companies. Through dedicated acceleration programmes and the pooling of knowledge and other resources, our strategic partnership with Seoul Business Agency will provide vital support for startups and entrepreneurs from South Korea looking to grow from Dubai. This adds to a growing list of agreements made in recent years between DMCC and South Korean business entities as we aim to deepen the vibrant trade corridor between our two regions.”
“DMCC is home to half of the Korean business presence in the UAE with almost 100 South Korean companies. Through dedicated acceleration programmes and the pooling of knowledge and other resources, our strategic partnership with Seoul Business Agency will provide vital support for startups and entrepreneurs from South Korea looking to grow from Dubai. This adds to a growing list of agreements made in recent years between DMCC and South Korean business entities as we aim to deepen the vibrant trade corridor between our two regions.”
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