The Embassy of the Republic of Korea held a meeting with Korean companies having presence in Bangladesh on 25th March at the Westin Hotel in Dhaka.
The Korean Embassy, in collaboration with KOTRA Dhaka Office, is holding regular meetings with Korean companies in Bangladesh in order to support their activities in Bangladesh, share information on the business environment and opportunities in Bangladesh, and listen to the difficulties/challenges faced by those companies while doing business in the country. It was the first offline meeting since the outbreak of COVID-19 last year.
Among the participants were Samsung Electronics, Samsung C&T, LG Electronics, Woori Bank, POSCO E&C, Halla Corporation, Pyunghwa Engineering, Kunhwa Engineering, LS C&S, Korea Expressway Corporation, Yupoong, Bankotex, Miraenetwork, GEOMEX Soft, Jonghyun HighTech, Philko Sports, and ESE Knitwear.
An expert from KPMG was also invited to the meeting to give a briefing on Bangladesh’s taxation system and important tax-related issues for doing business in Bangladesh.
Currently, around 200 Korean companies are operating in Bangladesh. According to Bangladesh Bank, Korea ranks 5th in terms of stock volume of FDI with $1.17 billion following US, UK, the Netherlands and Singapore.