<p>AIITONE, an immersive tech company based in South Korea, <a href="https://www.inews24.com/view/1622654" rel="noopener noreferrer nofollow">said</a> Monday that officials from the Royal Private Office of H.H Sheikh Ahmed Bin Faisal Al Qassimi in the United Arab Emirates (UAE) are set to visit South Korea next month. During the visit, the Royal Office will work with AIITONE to enhance collaboration with Korean enterprises leading the Web3 sector, including information technology (IT) and blockchain, and explore cooperative opportunities across different sectors such as energy and finance.</p>
<p>The Royal Office will also engage in practical preparations for establishing the UAE banks’ Korean branches and meet with members of the Korean National Assembly and related business officials.</p>
<h2 id="header-0">Nurturing international relations</h2>
<p>“This visit will consist of meetings and discussions with Korean lawmakers, further strengthening political cooperation between our two countries and facilitating the exchange of opinions on crucial international matters,” a representative from the Royal Office commented.</p>
<p>“During the visit, a South Korea-UAE Web3 forum will also be held, expediting discussions on fintech-related collaboration possibilities such as blockchain and STO,” the representative added.</p>
<h2 id="header-1">Transcontinental fintech growth</h2>
<p>AIITONE and the Royal Office had previously <a href="https://medium.com/@coinness.gl/aiitone-partners-with-uaes-royal-office-to-boost-fintech-industry-in-asia-c8c3cb47c167" rel="noopener noreferrer nofollow">signed</a> a memorandum of understanding (MOU) vowing to work together to expand their respective business operations into each other’s regions — East Asia and the Middle East — and subsequently bolster the fintech industries there.</p>
<p>Under the partnership, AIITONE plans to convene with major Korean companies in order to analyze industry trends and explore potential areas for collaboration. The discussions are expected to cover various areas, including the establishment of Islamic banks in Korea, setting up offices for the investment of Arab capital in Asia, and strengthening cooperation in the field of security tokens.</p>
<p>The company will also work with the Royal Office on security token projects and central bank digital currencies (CBDCs) — areas where Dubai leads innovation.</p>
<p>“Through activities such as the UAE Web3 forum and blockchain-based security token ventures, we aim to pioneer new models of cooperation and achieve sustainable development,” said Bruce Jeong, Principal of Middle East Investment and AIITONE.</p>

UAE Royal Office to Visit South Korea Next Month for Web3 Ventures

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