KEPZ’s IT zone gets hi-tech park status
MoU signed for developing tech park
Staff Correspondent
22nd February, 2021 11:34:10
Bangladesh Hi-tech Park Authority Managing Director Hosne Ara Begum, Startup Bangladesh Managing Director Tina Jabeen and KEPZ Chairman Kihak Sung pose for a photo after signing an agreement at KEPZ auditorium at Anwara of the port city on Monday. State Minister for ICT Zunaid Ahmed Palak was also present on the occasion.
The government has recognized the information technology (IT) zone at the Korean Export Processing Zone (KEPZ) in Chattogram as hi-tech park.
State Minister for ICT Zunaid Ahmed Palak made the announcement after a tri-party agreement at the KEPZ auditorium at Anwara in the port city on Monday.
Bangladesh, S Korea agree to strengthen commercial ties
Korean Ambassador Lee Jang-keun paid a call on Commerce Minister Tipu Munshi on Wednesday (Feb10) and further discussed strengthening bilateral ties in trade and investment.
Appreciating Korea and Bangladesh’s excellent relations during the past several decades, they agreed to make joint efforts to maximize the yet untapped potential of cooperation between the two countries.
As of 2020, according to Bangladesh Bank, Korea is the fifth largest investor in Bangladesh, after the US, UK, the Netherlands, and Singapore, with 1.17 billion US dollars of total accumulated stock investment. Korea is the largest foreign investor in EPZs with 75 companies operating in the EPZs. Youngone, the operator of KEPZ, is the largest Korean investor in Bangladesh, which employs around 70,000 local workers, said the Korean Embassy.