AIM Global Foundation and LB Investment, a Korean-based venture capital firm renowned for its $1 billion in Assets Under Management (AUM), have forged a strategic partnership at the AIM Congress 2024 in Abu Dhabi. The collaborative venture, marked by the signing of a significant Memorandum of Understanding (MOU), signals a new chapter in global investment dynamics.
LB Investment, led by CEO/President Mr. Kiho Park, boasts a distinguished track record dating back to 1996. Recognized as a premier fund manager in Korea, LB Investment has garnered accolades including an A+ grade from the Small and Medium Business Administration (SMBA). Its global expansion, notably in Shanghai since 2007, underscores its commitment to innovation and excellence.
During the AIM Congress 2024, LB Investment showcased a diverse portfolio of forward-thinking startups and companies, spanning industries from battery technology to artificial intelligence, showcasing its dedication to fostering innovation and entrepreneurship.
Mr. Dawood Al Shezawi, President of AIM Global Foundation, expressed optimism about the collaboration’s potential to enhance investment promotion strategies and foster opportunities for productivity and expansion. He emphasized the mutual commitment toward promoting the development of investment promotion agencies in the region, aligning with shared goals.
In response, Mr. Park reiterated LB Investment’s commitment to exploring new avenues for growth and collaboration globally, expressing confidence in the partnership’s positive outcomes.
Together, AIM Global Foundation and LB Investment envision establishing a global community where challenges are addressed collaboratively and inclusively. Their partnership aims to drive positive social, environmental, and economic impacts on a global scale through innovation, integration, and strategic investment.
The alliance between AIM Global Foundation and LB Investment represents a significant milestone in the evolution of the global investment landscape, promising a future defined by prosperity, sustainability, and inclusive growth.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
9th May, 2024
