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South Korean firms showing interest in Bangladesh’s nuclear energy sector: Envoy

  • Diplomatic Correspondent
  • 12 October, 2021 12:00 AM
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South Korean firms showing interest in Bangladesh’s nuclear energy sector: Envoy
South Korean Ambassador to Bangladesh Lee Jang-keun pose for a photo with the diplomatic correspondents after visiting Panam City and Baro Sardar Bari at Sonargaon in Narayanganj on Monday.

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South Korean Ambassador in Bangladesh Lee Jang-keun has said many Korean companies “will be very interested” in finding opportunities in Bangladesh including in nuclear energy as South Korea has the top-level technical capabilities in almost all these areas.

“I think many Korean companies will show interest. We’ve already collaborated with the United Arab Emirates (UAE),” he said while responding to questions from the diplomatic correspondents after visiting Panam city and Baro Sardar Bari in Sonargaon on Monday.

Korea, ranking 6th in the world in terms of the capacity in nuclear power generation, is a “world-leader” in the peaceful use of nuclear energy from research to electricity production. The Ambassador said he is not sure about the financial capability as they do not mobilize huge amounts of financial resources.

He is, however, quite sure that South Korea has top-level technical capabilities in almost every area including nuclear power while there will be many ways to mobilize financial resources.

Prime Minister Sheikh Hasina on Sunday said the government is looking for a suitable place in the southern region to build another nuclear power plant to meet the country’s growing demand for power.

On Monday, she sought constant support from Russia for building another nuclear power plant in Bangladesh’s southern region.

 Once the Rooppur Nuclear Power Plant (RNPP) is completed, Bangladesh plans to set up another nuclear plant in the southern region of the country.

 The Sought Korean Ambassador and Youngone Corporation invited the members of the Diplomatic Correspondents Association, Bangladesh (DCAB) to visit Panam City and Baro Sardar Bari situated at Sonargaon, Narayanganj.

 Youngone restored Baro Sardar Bari, one of the most significant settlement sites in Sonargaon which is the first attempt at preserving a cultural heritage site in Bangladesh.  KEPZ President Jahangir Sadat and Project Director Prof Dr Abu Sayeed M Ahmed, among others, were present.

 Ambassador Lee highlighted the importance of furthering Bangladesh’s bilateral commercial ties beyond RMG to various sectors such as infrastructure, pharmaceutical and ICT. “RMG still occupies a larger portion of our business relations,” said the Ambassador, adding that he hopes to diversify the business collaboration and now they are working very hard in a number of potential areas.

Ambassador Lee said infrastructure is one of the areas where South Korea can find many opportunities in Bangladesh.

 Samsung R&D Institute has been operating in Dhaka since 2011, employing 460 young software developers in Bangladesh, and the Korea Export Processing Zone (KEPZ) has recently inaugurated a 100-acre Hi-tech Park within KEPZ.

 Responding to a question, the Ambassador said he is getting many ideas about how they can celebrate 50 years of Bangladesh-South Korea diplomatic relations together.

 “Young generation is my focus in further developing our relations for the future. The young generation is the source of a better and brighter future. The future of Bangladesh lies in the young generation. For that reason, I will try to focus on them and take as many programmes as we can,” said the South Korean Ambassador.