South Korean investors are set to make significant investments in Bangladesh following the Interim Government’s efforts to create a new era of hope for foreign investment in the country.
The announcement was made during a meeting with Bangladesh’s Chief Adviser, Professor Muhammad Yunus, by a delegation of Korean investors led by Kihak Sung, Chairman of Youngone Corporation on Tuesday (8 april, 2025).
The delegation included officials from LG, as well as representatives from some of Korea’s largest companies in textiles, fashion, spinning, logistics, healthcare, power, and renewable energy sectors.
On Monday (7 April, 2025), the officials visited the Korean Export Processing Zone (KEPZ) in Chittagong, where several investors committed to immediate investments in the industrial park, which is owned and managed by Youngone Corporation.
Chief Adviser Professor Yunus highlighted the government’s commitment to reforms aimed at improving the business environment in Bangladesh, including significant changes to labour, industrial, energy, and investment policies.
“We are delighted that you are visiting Bangladesh at a time when we are building a new Bangladesh,” Professor Yunus said. “In this new Bangladesh, we have made foreign investment easy and hassle-free.”
He continued, “Our job is to make it smooth for you. I know you have undergone some tough times over the past 16 years, and we want to make up for lost time.”
Kihak Sung, who first came to Bangladesh in the mid-1990s, echoed the Chief Adviser’s remarks, praising the Interim Government’s pro-business stance and policies that have improved the overall business climate in the country.
Kihak Sung also announced that his company, Youngone Corporation, would establish a textile and fashion college in Chittagong within the next few months to create a talent pool that could help transform Bangladesh into the world’s leading textile hub.
BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun and SDG Coordinator Lamiya Morshed also participated in the meeting, underscoring the government’s ongoing commitment to facilitating foreign investment in Bangladesh.
