Speakers at a seminar on Tuesday made a call to Korean investors to invest in Bangladesh's township projects applying their advanced technology.
They said Bangladesh lacked advanced technology in the construction management which South Korean technology could supplement.
They said both countries would benefit from the Korean investment in real estate and construction projects.
They were speaking at the workshop on "Bangladesh CM (Construction Management)" at a city hotel.
Heerim Architects and Planners in cooperation with the Korea Trade Promotion Agency (KOTRA) organised the programme.
In his speech, Housing Ministry additional secretary Akhter Hossain said there were many new township projects being implemented in the public and private sectors as well as on the public-private partnership bases on the outskirts of Dhaka city.
He said the demand in the construction sector was also rising. The housing sector in Bangladesh was becoming a lucrative area of investment, he added.
Mr Hossain urged the Korean investors to pursue smart city development and township projects in Bangladesh.
He said South Korea had been a very good friend of Bangladesh. The Housing Ministry would extend all possible help to Korean investors.
Member of Rajdhani Unnayan Kartripakka (RAJUK) Sahmsuddin Ahmed Chowdhury said new technologies in construction management save both time and money.
He said local construction companies should learn about the advanced technologies on fire safety and environmental protection.
Director General of KOTRA Kim Jong Won said Heerim also became a well-known construction company in Korea.
"They have implemented a lot of construction projects in Korea and many other countries," he said. The seminar provided an opportunity for Bangladeshi stakeholders to learn about advanced technology, he added.
Bangladesh University of Engineering and Technology (BUET) Professor Dr. Raquib Ahsan said the construction sector in Bangladesh became the least regulated area.
In his presentation on 'Building Construction Industry in Bangladesh', he said people would be moving out of Dhaka city after full implementation of the mass rapid transit system. He said risk-based approach to construction management was totally missing and modern technologies were rarely used in implementing the country's construction projects.
He lamented the absence of construction management in the educational curriculums of universities.
At the seminar, Heerim, a well-known architectural design and construction management company in Korea, highlighted advanced construction project management techniques and examples of successful construction projects.
Heerim provides comprehensive architectural services in all fields such as airports, sports, hospitals, hotels and residential areas.
Heerim established a branch office in Bangladesh, and did work on Osmani Airport, Saidpur airport, Barishal airport, BRAC tower, NBL tower and 1,400 units of an apartment project in Bangladesh.
bdsmile@gmail.com