Special Envoy of the Minister of Foreign Affairs of the Republic of Korea Ambassador Lee Jeongkyu will pay a “goodwill visit” to Bangladesh on January 22-23 to explore ways to expand bilateral relations between the two countries with greater cooperation.
During the visit, he will have courtesy meetings with Finance Adviser Dr Salehuddin Ahmed and Foreign Secretary Md Jashim Uddin, a senior official told UNB.
The special envoy will arrive on January 22 while he will have meetings with the Finance Adviser and Foreign Secretary separately on January 23.
Meanwhile, South Korean Ambassador to Bangladesh Park Young-sik paid a courtesy visit to the DCCI on Monday and said Bangladesh has a great potential for foreign investment due to its large pool of human resources, geographically strategic location and large consumer market.
Besides, he said, there is a lot of scope for foreign investment in Bangladesh in the sectors like electronics, mobile, automobile, information technology, RMG etc.
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The Ambassador also said South Korea has been assisting in various technical training centers in Bangladesh for capacity development and creating skilled human resources.
He said Bangladesh is going to graduate from LDC to middle income country in 2026; if South Korean industries can collaborate or make joint ventures with Bangladeshi companies, it will then create an opportunity for local entrepreneurs to have access to high-end technology that would help Bangladesh face the post-LDC challenge.
The bilateral trade between the two countries in the fiscal year 2023-24 was $1.39 billion, while the import and export were $902.90 million and $491.73 million respectively.
South Korea is the third largest investor in Bangladesh, having already invested $1.56 billion.
DCCI President Taskeen Ahmed on Monday urged South Korea to hire more skilled human resources from Bangladesh.
He said that their educated young freelancers have now been doing very well in designing in the semiconductor industry recently, and hoped for South Korea's all out cooperation in its technological advancement further.
Moreover, RMG, ship-building, leather and leather products, API, automobiles, electronics, semiconductor, information technology and other sectors are also potential to attract South Korean FDI, said the DCCI President.