Afterward, representatives from six South Korean non-governmental organisations—Save the Children Korea, Oxfam Korea, Habitat Korea, Good Neighbours, ADRA Korea, and Global Care—highlighted their work and initiatives related to corporate social responsibility in the country.
Park Young-sik said Bangladesh and South Korea are currently negotiating the Comprehensive Economic Partnership Agreement (CEPA).
Once signed, the agreement will offer another opportunity to further deepen the already close relationship between the two countries, he hoped.
Park Young-sik said with its rapidly growing economy, strategic location, and abundant labour force, Bangladesh is a promising destination for South Korean investors. However, to fully harness this potential, Bangladesh must take several measures to improve its business environment, the Korean Ambassador stated.
These measures include timely issuance and renewal of visas, duty exemptions without administrative delays, reduction of high tariffs on imported raw materials and finished goods, resolution of issues related to payment of outstanding dues in dollars after project completion, and allowing the repatriation of profits to investors’ home countries.