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.