Korean entrepreneurs urged to invest in BD

Commerce Minister Faruk Khan has extended invitation to Korean entrepreneurs to invest in Bangladesh in a big way to strengthen the existing trade relations between the two nations.
The existing trade balance is now heavily in favor of Korea as Bangladesh's export in the last fiscal was US$ 140.28 million as against the import of US$ 837.01 million.
"Bangladesh is a suitable place for investment…It has skilled manpower and you can avail of the opportunities," he told Korean entrepreneurs while speaking at a seminar.
The seminar on "Trade between Bangladesh and Republic of Korea" was held at Hotel Sonargaon in the city Wednesday.
Export Promotion Bureau (EPB) and Ministry of Commerce jointly hosted the seminar. Korean Ambassador in Dhaka Taiyoung Cho attended as special guest.
Faruk Khan said Bangladesh wants to utilize Korean experience and technological skills for rapid industrialization. "Two nations can come closer to each other by utilizing modern communication system and can be friends of each other both in good and bad days," he said.
Later, Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) and the Korea Importers Association (KOIMA) inked a memorandum of understanding (MoU) for strengthening trade and economic development of both parties. FBCCI acting president M Jashim Uddin and KOIMA Chairman Dr Ju-Tae Lee signed the MoU.
EPB Vice Chairman Jalal Ahmed, FBCCI acting president M Jashim Uddin, KOIMA Chairman Dr Ju-Tae Lee, Korea-Bangladesh Chamber of Commerce and Industry (KBCCI) president SM kamal Uddin and joint secretary (export) Monoj Kumar Roy also spoke at the seminar.