Bangladesh has asked South Korea to help it graduate to a producing economy from a trading country.
Executive Chairman of Bangladesh Investment Development Authority (BIDA) Kazi M Aminul Islam sought the support from the Korean businesses as he believed their “knowledge and expertise” will help Bangladesh achieve its dream of being a developed country by 2041.
He was speaking on the investment opportunities in Bangladesh before the Korean investors at a seminar in Seoul on Friday.
The Bangladesh embassy in the Korean capital said this is the first-ever investment seminar Bangladesh has hosted there. Over 100 companies attended the event and interacted with both government officials and private sector leaders.
The bilateral relations have flourished since the establishment of diplomatic ties in 1973.
Korean investors are running many big clothing factories in Bangladesh, employing thousands of workers.
Apart from apparel, big companies like Samsung and LG have also expanded their presence over the years. The two-way trade is around $ 2 billion.