Government Policy

Korean companies in Bangladesh hold meeting with Embassy officials

The Embassy of South Korea held a meeting on Thursday with Korean companies having presence in Bangladesh and discussed trade and investment issues.

An expert from KPMG was also invited to the meeting to give a briefing on Bangladesh’s taxation system and important tax-related issues for doing business in Bangladesh.

Currently, around 200 Korean companies are operating in Bangladesh.

Korean companies in Bangladesh hold meeting with Embassy officials

According to Bangladesh Bank, Korea ranks 5th in terms of stock volume of Foreign Direct Investment (FDI) with $1.17 billion following US, UK, the Netherlands and Singapore.

The Korean Embassy, in collaboration with KOTRA Dhaka Office, is holding regular meetings with Korean companies in Bangladesh in order to support their activities in Bangladesh, share information on the business environment and opportunities in Bangladesh, and listen to the difficulties/challenges faced by those companies while doing business in the country.

Korean companies in Bangladesh hold meeting with Embassy officials

It was the first offline meeting held in a city hotel since the outbreak of COVID-19 last year.

Among the participants were Samsung Electronics, Samsung C&T, LG Electronics, Woori Bank, POSCO E&C, Halla Corporation, Pyunghwa Engineering, Kunhwa Engineering, LS C&S, Korea Expressway Corporation, Yupoong, Bankotex, Miraenetwork, GEOMEX Soft, Jonghyun HighTech, Philko Sports, and ESE Knitwear.

Source: United News of Bangladesh