Sunday, 5 December, 2021

Bangladesh is an attractive investment destination for Korea

  • Diplomatic Correspondent
  • 28th October, 2021 06:38:58 PM
  • Print news

South Korean Ambassador Lee Jang-keun has said Bangladesh is an attractive investment destination for Korea, and Korean companies will find more opportunities as the Government of Bangladesh makes strenuous efforts to improve business environment by removing obstacles.

He also expressed his sincere hope that the future of Bangladesh- Korea relations “Looks very bright and it will get bright” with diversified success stories. 

Ambassador Lee was addressing a country lecture on Webinar on “Exploring Korea-Bangladesh Relations in the last Five Decades and Beyond” organized by the Bangladesh Institute of International and Strategic Studies (BIISS) on Thursday (Oct 28).

The Korean envoy in his speech highlighted that Bangladesh and Korea enjoy friendly relations since the establishment of their diplomatic relations when the Korea recognised newly independent Bangladesh on May 12 in 1972. The year 2021, marks the 49th anniversary of Korea’s recognition of Bangladesh.

He mentioned that during the past five decades, the relationship between two countries has expanded and developed on every field of cooperation.

Since the early 1980s, he said Korea has been the leading foreign investor in the RMG sector of Bangladesh. Korea continued to hold its position as a major foreign investor in Bangladesh.

“Slow  but steadily,  more  and  more  Korean  companies  started  investing  in  different  potential areas like Electronics, automobiles, and ICTs,” he said. 

Major General Md. Emdadul Bari, Director General of BIISS, delivered the welcome address and Ambassador M.  Fazlul  Karim, Chairman, BIISS, presided over the session and delivered the concluding remarks. 

Senior officials from different ministries, ambassadors and high commissioners, senior civil and military officials, media, academia, teachers and students from different universities participated in the webinar and raised their valuable opinions in the open discussion session.