Editor’s Note
This meeting between the heads of Korea’s K-DAVC and Dubai’s DMCC highlights the growing international collaboration to establish frameworks and standards for the digital asset industry, a key step toward broader market integration and stability.
Park Chang-beom, Chairman of Korea Digital Asset Valuation and Certification (K-DAVC), held a meeting with Ahmed Bin Sulayem, Chairman of the Dubai Multi Commodities Centre (DMCC), to discuss cooperation in the digital asset market.
According to K-DAVC on the 10th, both sides discussed plans to assist Korean digital asset technology companies in entering the Dubai market and to facilitate global capital investment for Korean companies.
During the meeting, topics such as the progress of the Korean digital asset industry including the Korean Won stablecoin, the establishment of innovative technology exchange programs, and a comprehensive support framework to help promising Korean startups enter the Dubai market were also discussed.
DMCC is a free trade zone in Dubai, recognized as a vast 200-hectare business hub. Over 26,000 global companies are gathered in DMCC, forming a massive commercial ecosystem.
For example, the Dubai Diamond Exchange (DDE), the world’s largest diamond exchange, operates here, facilitating billions of dollars in rough diamond trade annually, serving as the heart of the global diamond trade.
Starting from traditional commodity trading in coffee, precious metals, and gems, DMCC has expanded into areas such as AI, bio-health, energy, and digital assets, positioning itself at the forefront of future industries. Recently, it has declared its vision as a ‘Crypto Hub’ and is emerging as a base for Web3 and blockchain innovation.
After the meeting, Chairman Ahmed Bin Sulayem officially invited Chairman Park to Dubai in November and said:
In response, Chairman Park commented:
Through this cooperation between K-DAVC and DMCC, previously lesser-known Korean companies will have the opportunity to meet investors worth tens of billions of dollars. This is expected not only to inject vitality into the Korean economy but also to strengthen the digital economic axis between Asia and the Middle East.
Meanwhile, Kim Eun-soo, Chairman of AK Venture Partners, who facilitated this meeting, has actively supported the entry of Korean companies and startups into the Middle Eastern market through cooperation with the Dubai royal family of the UAE. Chairman Kim stated:
