South Korean Ambassador to Bangladesh  PARK Young Sik today paid a courtesy visit to DCCI. Photo: DCCI

DHAKA, Jan 13, 2025 (BSS) - Dhaka Chamber of Commerce and Industry (DCCI) 
today urged the South Korea to hire more skilled human resources from 
Bangladesh. 

The chamber made the call while the South Korean Ambassador to Bangladesh 
PARK Young Sik paid a courtesy visit to DCCI and had a bilateral meeting with 
its President Taskeen Ahmed, said a press release.

During the meeting, Taskeen Ahmed said the bilateral trade between both the 
countries in the fiscal year 2023-24 was US$1.39 billion while the import and 
export were $902.90 million and $491.73 million respectively. 

South Korea is the third largest investor in Bangladesh, having already 
invested $1.56 billion, he mentioned. 

Moreover, RMG, ship-building, leather and leather products, API, automobiles, 
electronics, semiconductor, information technology and other sectors are also 
potential to attract South Korean FDI, he further said. 

Taskeen later urged South Korea to hire more skilled human resources from 
Bangladesh. 

He said, "Our educated young freelancers have now been doing very well in 
designing in the semiconductor industry recently, and hoped for South Korea's 
all out cooperation in its technological advancement further."

PARK Yong-Sik said it is important for Bangladesh to simplify the visa 
issuance and renewal processes, speed up the customs clearance procedures, 
expedite the services provided by the BIDA, keep the corporate tax rate at a 
tolerable level and reduce logistics costs to attract foreign investment 
more.

Bangladesh has a great potential for foreign investment due to its large pool 
of human resources, geographically strategic location and large consumer 
market, he said.

Besides, Yong-Sik said, there is a lot of scope for foreign investment in 
Bangladesh in the sectors like electronics, mobile, automobile, information 
technology, RMG etc. 

The Ambassador also said South Korea has been assisting in various technical 
training centers in Bangladesh for capacity development and creating skilled 
human resources. 

He later said that Bangladesh is going to graduate from LDC to middle income 
country in 2026, if South Korean industries can collaborate or make joint 
ventures with Bangladeshi companies, it will then create an opportunity for 
local entrepreneurs to have access to high-end technology that would help 
Bangladesh face the post-LDC challenge. 

Later, Senior Vice-President of the DCCI Rajeev H. Chowdhury called upon the 
South Korean agro-based investors to invest in Bangladesh through joint 
ventures especially in the agro-processing sector.

DCCI Vice President Md. Salim Solaiman and high official from the Embassy 
were also present on the occasion.