Kamal seeks more Korean investment in Bangladesh

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DHAKA, Aug 20, 2020 (BSS) – Finance Minister AHM Mustafa Kamal
today urged the newly appointed Korean Ambassador to Bangladesh Lee
Jang-Keun to play an important role in bringing more Korean investors
to Bangladesh.

The Finance Minister made the call during a virtual meeting with
the Korean Ambassador, said a Finance Ministry press release.

The Finance Minister informed the Ambassador that Bangladesh’s
economy is making a rebound from the COVID-19 pandemic with the help
of over Taka one lakh crore stimulus packages announced by the Prime
Minister and this is a high time for bringing Korean investment in the
construction, high-tech and manufacturing sector in Bangladesh.

Referring to the success of Korean giant’s investment in the
country, Kamal called upon the Korean Ambassador to play his due role
in bringing more Korean investors to the country.

The government, he said, has trust and confidence over the works of
Korean construction firms in various public works and Korean giant
Daewoo is also showing interest over the construction of third Meghna
Bridge to be implemented under the Public Private Partnership
initiative.

Echoing with the Finance Minister, the Korean Ambassador assured
that his Embassy would play a role in bringing more FDI from Korea to
Bangladesh.

He also mentioned that Korean EDCF has long been working with
Bangladesh for ensuring development in the country.

Lee mentioned that many Bangladeshi expatriates are now working in
Korea and they are sending notable amount of remittances to
Bangladesh.

He also mentioned that the mobile assembly plant of Samsung in
Bangladesh and the automobile assembly plant of Hyundai in Bangladesh
in cooperation with the local partner.