BIDA chief leads five-day investment mission to South Korea

Business Desk :

A high-level Bangladeshi delegation led by Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), has arrived in South Korea yesterday for a five-day official visit aimed at attracting foreign direct investment (FDI) and deepening economic cooperation between the two countries.

The visit, taking place from October 20 to 24, seeks to tap into South Korea’s technological expertise and investment interest to support Bangladesh’s fast-growing economy,according to press release.

The delegation includes senior officials from major government agencies such as the Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA), and the National Board of Revenue (NBR).

The mission is being supported by the International Finance Corporation (IFC) of the World Bank Group.

During the trip, the team will attend a series of Government-to-Business (G2B) meetings from October 21 to 23, where they will engage with leading Korean conglomerates in sectors such as electronics, shipbuilding, power generation, textiles, chemicals, and heavy construction.

They will also take part in Government-to-Government (G2G) meetings, including a confirmed discussion with the Deputy Minister of South Korea’s Ministry of Trade, Industry and Resources (MOTIE).

The talks will focus on expanding bilateral cooperation, finalising the proposed Korea-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), and addressing trade policy issues.

A key highlight of the visit will be the “Gateway to Growth: Invest in Bangladesh” seminar in Seoul on October 21, co-hosted by BIDA and the Bangladesh Embassy in Seoul, in collaboration with the Federation of Korean Industries (FKI).

The event will promote Bangladesh as an attractive investment destination and feature success stories from Korean companies such as Youngone Corporation, which has long operated in Bangladesh.