Director General of the Korea Trade-Investment Promotion Agency (KOTRA) Kim Jong-won has encouraged the Korean business executives to reorient their focus and policy priorities toward Bangladesh and seize the opportunity offered by Bangladesh for mutual benefits.
The former chief of the Dhaka KOTRA office made a presentation on the trade and investment opportunities in Bangladesh at a business event held recently in Seoul.
In his deliberation, Kim presented the upward trend of Bangladesh’s economic growth and its future growth projection with a comparative analysis with other developing countries.
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He opined that considering the ongoing economic development, investment-friendly environment and policy and competitive labor cost, Bangladesh could be a better option for Korean businesses and investments.
Kim informed that the Korean tech giant Samsung and Hyundai have recently started establishing assembling plants in Bangladesh in partnership with the local companies for some of its products like mobile phones, home appliances, and automobiles, according to Bangladesh Embassy in Seoul.