Abu Dhabi, UAE, 9th May, 2024: Marking a significant collaboration, AIM Global Foundation, an independent international organization, dedicated to empowering global investment, and LB Investment from Korea have announced their commencement of establishing a Joint Venture. This partnership signals a strategic move towards synergizing their strengths and resources for mutual growth and success. The announcement was made at the prestigious AIM Congress 2024 in Abu Dhabi. The Joint Venture aims to leverage the strengths of both entities for mutual growth and success.
LB Investment: Driving Innovation and Entrepreneurship with $1 Billion AUM
The Joint Venture will serve to boost global investment and economic development by synergistically combining both parties’ key capacities in the market. The MOU signifies a pivotal moment in global investment cooperation. Both entities aim to leverage their respective strengths to advance LB Investment’s initiative. They plan to do this through the platform provided by AIM Global Foundation.
LB Investment, a renowned venture capital firm with a legacy of fostering innovation and entrepreneurship, boasts an impressive track record in managing assets. Importantly, it reported $1 billion worth of Assets Under Management (AUM) as of 2023. Since its establishment in 1996, LB Investment has consistently earned recognition as one of Korea’s premier fund managers. It has garnered accolades such as the A+ grade from the Small and Medium Business Administration (SMBA). Notably, with a commitment to excellence and a vision to emerge as Asia’s Leading Investment Firm, LB Investment has expanded its footprint globally. Additionally, it has maintained a notable presence in Shanghai since 2007.
LB Investment’s Diverse Portfolio Showcased at 2024 AIM Congress
At the 2024 AIM Congress in Abu Dhabi, LB Investment is proudly showcasing a diverse portfolio of startups and companies. These include Standard Energy (Battery energy), t’order (Food tech), Fitpet (Pet healthcare), Lablup (AI), Bluezonwide (Cosmetics), NotaAI (AI), ABYSS Company (K-pop contents), and LivsMed (Medical device). They represent cutting-edge innovation and disruptive solutions across various industries. The firm’s dedication to fostering growth and driving economic transformation underscores its pivotal role as a global investment leader. As a matter of fact, LB Investment is shaping the future of entrepreneurship and innovation on a global scale.
“A closer cooperation between AIM Global Foundation and LB Investment marks a significant step towards the enhancement of investment promotion strategies and the facilitation of opportunities for productivity and expansion,” stated Dawood Al Shezawi, President of AIM Global Foundation.
The agreement emphasizes mutual commitment towards promoting the development of investment promotion agencies in the region. Furthermore, it also acknowledges the compatibility of their goals.
LB Investment and AIM Global Foundation Forge New Era of Global Collaboration
“This partnership underscores LB Investment’s dedication to exploring new avenues for growth and collaboration on a global scale,” said Mr Kiho Park. He is the CEO/President of Korea’s LB Investment. “We are confident that this collaboration will yield fruitful outcomes for both parties involved.”
Both parties have committed to promoting each other’s initiatives through various channels. They will actively engaging their respective networks to participate in joint activities.
“As we embark on this journey of collaboration, our shared vision is to establish a global community where challenges are addressed collaboratively and inclusively,” affirmed Dawood Al Shezawi, President of AIM Global Foundation.
The partnership between AIM Global Foundation and LB Investment sets the stage for a new era of collaboration in the global investment landscape. They focus on fostering innovation, integration, and strategic investment. Additionally, they want to drive positive social, environmental, and economic impacts on a global scale.
