'We hope and expect that globally renowned iconic Korean companies will take advantage of Bangladesh's competitive and congenial investment climate'
Korea's technological superiority, vast industrial and infrastructural experiences, along with Bangladesh's sincere efforts, will create a winning combination that will prove to be beneficial for both countries, said Salman F Rahman, private industry and investment adviser to the prime minister.
"We hope and expect that globally renowned iconic Korean companies will come forward to take the advantage of competitive and congenial investment climate of Bangladesh," he added.
He made the remarks during a webinar styled "Bangladesh-Korea Business Corridor: Stakeholders Dialogue & Way Forward", organised by HSBC Bangladesh, in partnership with BIDA, BEZA, South Korean Embassy in Bangladesh and Bangladesh Embassy in South Korea, said a press release.
The virtual event was hosted for Korean companies, stakeholders, as well as key policy stakeholders in a bid to support Korean businesses to explore emerging business opportunities in Bangladesh.
Md Mahbub Ur Rahman, CEO of HSBC Bangladesh, moderated a panel discussion where Rahman, along with Lee Jang-keun, the Korean ambassador to Bangladesh, Abida Islam, the Bangladeshi ambassador to Korea and Md Sirazul Islam, executive chairman of BIDA, participated and discussed on the opportunities and challenges that needs to be addressed to attract more Korean business flow in Bangladesh.
"Our international connectivity provides businesses access to a network covering more than 90 per cent of global GDP, trade and capital flows. We are proud to utilise this network to facilitate trade and investment into one of South Asia’s most dynamic economies, and to support its continued development," said Matthew Lobner, head of international and head of strategy and planning, Asia-Pacific for HSBC.
Eun Young Jung, CEO of HSBC Korea, Kevin Green, country head of wholesale banking, HSBC Bangladesh and Maj Gen Md Nazrul Islam, executive chairman, Bangladesh Export Processing Zone Authority, also spoke on the occasion, while Ki-Hak Sung, chairman & CEO of Youngone Group and Ruhul Alam Al Mahbub, chairman of Fair Group, also highlighted different aspects of this emerging business corridor.
Foreign Direct Investment from Korean companies has been a driver of Bangladesh’s prosperity and growth in recent years. Further upswing in investment is expected across a variety of sectors in the years ahead, with a particular focus on infrastructure, electronics and ICT.