Dhaka: Kihak Sung, Chairman of Youngone Corporation and a pioneer in Bangladesh's readymade garments (RMG) and textile sectors, was awarded honorary citizenship of Bangladesh today for his outstanding contributions to the industry and Bangladesh economy. Chief Adviser Prof Muhammad Yunus handed over the citizenship document to Sung at the formal inaugural ceremony of the Bangladesh Investment Summit-2025 at Hotel Intercontinental in the city.
According to Bangladesh Sangbad Sangstha, Sung, who first came to the country in the mid-1990s, was one of five individuals and organizations honored for their significant contributions to Bangladesh. "I am truly honored receiving the honorary citizenship," Sung expressed at the Summit.
The event also recognized other contributors with the Excellence in Investment Award 2025. Fabric Lagbe Ltd was awarded in the innovation category, while Walton, bkash (foreign investment), and Square Pharmaceutical (local company) were celebrated for their excellence in investment. The awards were conferred by the Chief Adviser.
Prominent figures such as Baroness Rosie Winterton, UK's Trade Envoy to Bangladesh; €š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¡¬‚¬Å¡¬€¦¡¬¦¡¬‚¬Å¡¬€¦¡¬€š¬¦¡¬¦¡¬‚¬Å¡¬€¦¡¬€š¬¦¡¬€š¬…¡¬¦¡¬¦€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¡¬‚¬Å¡¬€¦¡¬¦¡¬‚¬Å¡¬€¦¡¬€š¬¦¡¬¦€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦¡¬‚¬Å¡¬€¦¡¬¦€š¬…¡¬‚¬¦¡¬‚¬Å¡¬¦€š¬…¡¬‚¬¦€š¬…€œscar Garca Maceiras, CEO of Inditex; and Apex Footwear Limited Managing Director Syed Nasim Manzur shared their insights on the investment landscape. Advisers to the interim government, including Finance Adviser Dr. Salehuddin Ahmed, Foreign Adviser Md Touhid Hossain, Commerce Adviser Sk Bashir Uddin, and Law Adviser Dr. Asif Nazrul, attended the inaugural event alongside the Executive Chairman of Bangladesh Investment Development Authority (BIDA).
SDGs Affairs Principal Coordinator Lamiya Morshed and Chief Adviser's Press Secretary Shafiqul Alam were also present, while Special Envoy Lutfey Siddiqi extended a warm welcome to all attendees.
Kihak Sung's remarkable journey in the textile industry includes serving as President of the International Textile Manufacturers Federation (ITMF) for the 2018-20 term. His leadership has been pivotal in the success of Youngone Corporation, a pioneering investor in RMG and textile sector FDI. The company has led investments in Chattogram, Dhaka EPZs, and recently in Korean EPZ, marking a significant milestone since its inception as the first investor in the textile and apparel export sector in May 1980. Youngone has also been a trailblazer in promoting female employment in the industry.