New Joint Venture By AIM Global Foundation And LB Investment Aims To Propel Global Economic Development

In a significant move to bolster global investment and economic development, AIM Global Foundation, an esteemed international organization committed to enhancing global investment, has joined forces with LB Investment, a leading venture capital firm from Korea. This collaboration was officially announced through a landmark Memorandum of Understanding (MOU) at the AIM Congress 2024 in Abu Dhabi. With LB Investment managing an impressive $1 billion in Assets Under Management (AUM), this joint venture aims to synergize the strengths of both entities to further LB Investment's initiatives via the platform provided by AIM Global Foundation.

LB Investment, established in 1996, has earned a reputation as one of Korea's top fund managers, with a legacy of promoting innovation and entrepreneurship. The firm's success is highlighted by its A+ grade from the Small and Medium Business Administration (SMBA) and its expansion into global markets, including a notable presence in Shanghai since 2007. At the AIM Congress 2024, running from May 7-9, LB Investment is showcasing its diverse portfolio across various industries such as battery energy, food tech, pet healthcare, AI, cosmetics, K-pop content, and medical devices.

Dawood Al Shezawi, President of AIM Global Foundation, emphasized the importance of this partnership in enhancing investment promotion strategies and facilitating opportunities for growth and expansion. The agreement reflects a mutual commitment to promoting the development of investment promotion agencies in the region and aligning their goals for future cooperation.

Mr. Kiho Park, CEO/President of LB Investment, expressed confidence in the collaboration's potential to open new avenues for growth and global collaboration. Both parties have pledged to support each other's initiatives through various channels and engage their networks in joint activities.

This partnership marks a pivotal moment in the global investment landscape, focusing on innovation, integration, and strategic investment to drive positive impacts socially, environmentally, and economically worldwide. As both AIM Global Foundation and LB Investment embark on this collaborative journey, their shared vision aims to establish a global community that addresses challenges collaboratively and inclusively.

With inputs from WAM