South Korean businesses are planning significant investments in Bangladesh, encouraged by the interim government’s recent reforms aimed at improving the business environment. A delegation led by YOUNGONE Corporation Chairman Kihak Sung, along with representatives from major Korean companies including LG, expressed this intention during a meeting with Chief Adviser Professor Muhammad Yunus.
The group, which includes firms from sectors like textiles, fashion, logistics, healthcare, power, and renewable energy, visited the Korean Export Processing Zone (KEPZ) in Chattogram. Several investors committed to immediate investments in the zone, which is managed by YOUNGONE.
Professor Yunus highlighted new reforms in labor, industrial, energy, and investment policies that aim to make foreign investment easier and more efficient. He emphasized the government’s goal to recover lost time and rebuild investor trust after years of challenges.
Kihak Sung praised the interim government’s business-friendly approach and announced plans to establish a textile and fashion college in Chattogram to develop local talent and support Bangladesh’s ambitions of becoming a global textile leader.
He also commended the chief adviser’s recent letter to US President Donald Trump on tariffs and urged the garment industry not to panic over possible changes in US trade policy.
Representatives from Korean fashion and retail firms expressed interest in sourcing clothing from Bangladesh, citing its strong supply chain integration. The Bangladeshi pharmaceutical industry was also noted as a growing sector with potential to become a major global exporter.
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