Youngone Group, FKI discuss expanding Korea-Bangladesh economic cooperation

[Financial News] Youngone Group and the Federation of Korean Industries (FKI) jointly held a welcome dinner for Bangladesh’s Minister of Planning and Finance and a Korea-Bangladesh economic cooperation meeting in Yeouido, Seoul, on the 2nd.
According to industry sources on the 3rd, the event was arranged to welcome Bangladesh’s Minister of Planning and Finance Amir Khasru Mahmud Chowdhury and his delegation, who are visiting Korea from the 1st through the 6th, and to discuss ways to boost economic exchanges between the two countries.
The Bangladeshi delegation included Minister Chowdhury; Prime Minister’s Adviser Rehan Asif Asad; Prime Minister’s Special Assistant Tanvir Shariar Ghani; and Mohammad Shariar Kader Siddiky, Deputy Secretary of the Ministry of Finance’s Department of External Economic Cooperation, among others. Bangladesh Ambassador to Korea Toufique Islam Shatil and Zhang Qingfeng, head of the Asian Development Bank (ADB) office in Bangladesh, also attended.
Representing Korea were Kihak Sung, chairman of the Korea-Bangladesh Economic Cooperation Committee and chairman of Youngone Group, and Vice Chairman Rae Eun Sung; FKI Standing Vice Chairman Kim Chang-beom; Export-Import Bank of Korea President Hwang Ki-yeon; Korea-America Association President Choi Joong-kyung; World Economy Institute Chairman Jun Kwang-woo; OCI Holdings Chairman Lee Woo Hyun; Hanjin President Cho Hyun-min; SK Gas Co., Ltd. CEO and President Yoon Byung-seok; and SparkLabs CEO Kim Ho-min, among others.
Participants discussed ways to boost trade and investment and strengthen cooperation across industries, and exchanged views on the growth potential of the Bangladeshi market and new business opportunities for Korean companies.
Youngone Group Vice Chairman Rae Eun Sung, who co-hosted the event, said, “Bangladesh is a business partner with whom we have grown together for a long time and a country with which we have a special relationship.” Rae Eun Sung added, “Building on the trust we have cultivated, we hope to invigorate exchanges between the business communities of the two countries and make this an opportunity for sustainable mutual growth.”
Since entering Bangladesh in 1980, Youngone Group has contributed to fostering the foundations of the local apparel industry and helping the country grow into the world’s second-largest apparel exporter. The group is credited with establishing the Korean Export Processing Zone (KEPZ) and putting in place a model for mutually beneficial regional development, including the creation of extensive green spaces.
[email protected] Kang Myung-yeon Reporter