Greater Korean FDI inflow could be a game-changer for BD: Envoy

Bangladesh Ambassador to South Korea Abida Islam has said an enhanced inflow of Korean Foreign Direct Investment (FDI) could be a game-changer for Bangladesh's industrial development.

"South Korea is one of the largest sources of FDI for Bangladesh and the largest foreign investor in the Export Processing Zones (EPZs). This is not all. We can receive more FDI from Korea," she told UNB in an interview.

Korean tech-giants Samsung and LG, the ambassador said, are going to manufacture its products in Bangladesh under a joint venture company within a short time which may reduce the trade deficit between the two countries.

Ambassador Abida said huge Korean investment in China is being relocated to South East Asian countries like Vietnam, Cambodia and Laos. "This mission is actively engaging with the authorities concerned in Korea to encourage them to invest in different sectors of our economy."