The Embassy of the Republic of Korea on Thursday arranged a get-together for top executives of Korean companies having presence in Bangladesh at the Westin Dhaka Hotel in the capital.
The Korean Embassy, in collaboration with KOTRA Dhaka Office, held the get-together as part of 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 or challenges faced by those companies while doing business in the country.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.
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.