South Korean Delegation Announces Major Investment Plans in Bangladesh’s Strategic Sectors
In a significant boost to Bangladesh’s investment landscape, a South Korean delegation has pledged substantial investments across several key sectors, signaling growing international confidence in the country’s economic potential.
Among the promising ventures, one investor has shown interest in establishing an Active Pharmaceutical Ingredient (API) manufacturing plant, aligning with Bangladesh’s rapidly expanding pharmaceutical sector.
The announcement came during a high-level meeting on Tuesday at the State Guest House Jamuna, where the delegation—led by Kihak Sung, Chairman of Youngone Corporation—met with Chief Adviser Professor Muhammad Yunus The discussions centered on strengthening bilateral investment relations and leveraging Bangladesh's dynamic business landscape.
The South Korean delegation featured executives from LG and key firms across textiles, fashion, logistics, healthcare, and renewable energy.
The visit followed a tour of the Korean Export Processing Zone (KEPZ) in Chittagong on Monday, where several investors made immediate investment commitments. The industrial park, owned and operated by Youngone Corporation, continues to serve as a model for successful foreign-led development in Bangladesh.
A New Era for Investment in Bangladesh
During the meeting, Chief Adviser Professor Yunus emphasized the interim government's reform agenda, which includes sweeping improvements in labor, industrial, energy, and investment policies.
“We are delighted to host you during this transformative time in Bangladesh,” said Professor Yunus. “We’ve streamlined foreign investment to be easier, more efficient, and more transparent.” Our mission is to make your journey easier and help you reclaim the opportunities missed over the last 16 years.
Kihak Sung, a long-time investor in Bangladesh since the 1990s, welcomed the government’s reform efforts and lauded the renewed commitment to building a business-friendly ecosystem.
From Industry to Inspiration
Professor Yunus urged the delegation to create meaningful, long-term impact through their investments.
"Choose Bangladesh as your business destination and a wellspring of inspiration."Through your ventures, you can inspire millions and uplift lives across the country.”
In a powerful move to support skill development and industry innovation, Kihak Sung announced plans to establish a Textile and Fashion College in Chittagong within the coming months. The initiative aims to strengthen Bangladesh’s position as a global textile hub.
He also praised the Chief Adviser’s recent diplomatic outreach to the United States, including a letter addressed to President Donald Trump regarding customs policies, which he described as “well-crafted and reassuring to industry stakeholders.”
Expanding Horizons: Healthcare, Pharmaceuticals, and Fashion
As Bangladesh’s pharmaceutical industry gains traction on the global stage, South Korean investors are eyeing opportunities in this high-growth sector. Interest in setting up an API plant highlights Bangladesh’s potential to become a pharmaceutical manufacturing powerhouse.
Additionally, one of Korea’s top surgeons was encouraged by Professor Yunus to explore establishing a hospital in Chittagong, pointing to healthcare as another area ripe for foreign investment.
Representatives from South Korea’s fashion and retail sectors also expressed admiration for Bangladesh’s integrated supply chain, hinting at plans to increase garment procurement from local manufacturers.
With reforms underway and foreign confidence rising, Bangladesh is entering a new chapter in international investment. The South Korean delegation's visit marks a significant milestone—one that blends economic ambition with meaningful partnership.
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