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    Principal Bruce Jeong of Middle East Investment Facilitates Aiitone in Signing MOU with the UAE Royal Family.
    • Date2023/07/26 14:29
    • Read 193

    Principal Bruce Jeong of Middle East Investment Facilitates Aiitone in Signing MOU with the UAE Royal Family.

     

    The MOU between the UAE Royal Family and aiitone has been concluded, confirming the promotion of business between Korea and the UAE.

     

    [Image Resource by aiitone]

    KOSDAQ-listed company aiitone (CEO Jin Yeop Lee) announced on the 20th that it signed an MOU with the Royal Family Office led by the Prince (Ahmed Bin Faisal AL Qassimi) and a delegation at the headquarters of the Royal Family Office. The purpose of the MOU is to open branches in three Asian countries (Korea, China, and Japan) and to support Islamic banking in Korea.
     
    Through this business agreement, aiitone plans to cooperate with the establishment of a branch office in Asia (KOREA, CHINA, JAPAN), which is being promoted by the Royal Family Office. The goal is to seek various collaborations by establishing an APAC (Asia-Pacific) network.
     
    The Royal Family Office has decided to actively promote the expansion of Islamic banks in Korea and facilitate the entry of Korean companies into the Arab world. This includes attracting investments in promising domestic startups. In particular, it plans to cooperate closely with Korea in block chain fintech projects such as STO and CBDC (Central Bank Digital Currency).


    This agreement was concluded after active discussions with the UAE Royal Family Office by Bruce Jeong, who serves as the Principal of Middle East Investments. Bruce Jeong also serves as the Chairman of Aiitone.
     
    With the signing of this agreement, the entry of the UAE Royal Family Office into Asia has been confirmed. Officials from the Royal Family Office are planning to visit Korea next month to continue discussions.

     

    (hereinafter omitted)

     

     

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