Vol. 5 Num 990 Wed. March 14, 2007  

ROK to invest in bigger way in Bangladesh
Hopes Chief Adviser

Chief Adviser Fakhruddin Ahmed yesterday hoped that South Korea would come in a bigger way to invest in Bangladesh, availing the attractive incentives offered by the government for foreign investors.

The hope was expressed when outgoing South Korean Ambassador in Dhaka Seong-ung Park made a farewell call on the Chief Adviser at his office in the morning.

South Korea has the largest investment in the Export Processing Zones (EPZs) in Bangladesh, with an exclusive EPZ for Korean investors.

Fakhruddin said relations between Bangladesh and Korea are moving to higher level particularly in economic front.

He thanked the Ambassador, who stayed here for two and half years, for his efforts to strengthen bilateral and economic relations between the two countries.

Ambassador Seong-ung Park informed the Chief Adviser that the Korean government is now recruiting manpower from Bangladesh after resolving the previous problem.

He said Korea is interested to help in modernising vocational training centre in Bangladesh and has offered three million dollars for a project in this regard.

The envoy said Korea Development Institute (KDI) is considering to increase the number Bangladeshi scholarships in South Korea.