South Korean Ambassador Park Young-sik calls on Chief Adviser Prof Muhammad Yunus at his office in the city on Monday. Chief Adviser Prof Muhammad Yunus on Monday urged South Korea to invest more in Bangladesh and recruit more Bangladeshi workers, especially in their shipbuilding industry, for mutual benefits.
Professor Yunus made the call when Park Young-sik, the South Korean Ambassador in Dhaka, called on him at his office in the city, said a spokesperson of the CA Office.
"We look forward to a broader and more developed relationship with South Korea, elevating our existing relationship to the next level," Prof Yunus told the ambassador.
Referring to the issue of current situation in Korean peninsula, Ambassador Park Young-sikh expressed concern at North Korea's troops deployment in Russia-Ukraine war and its recent ballistic missile test.
In response the chief adviser called for peace and stability in the Korean peninsula.
The envoy told the chief adviser that many South Korean companies are keen to invest in Bangladesh following the recent positive shift in the business climate.
He also expressed Korea's specific interest in recruiting Bangladeshi workers for its shipbuilding sector.
Many South Korean companies are operating RMG factories in Bangladesh's specialised economic zones, he added.
The ambassador also noted that Bangladesh is the number one recipient of Korea's Economic Development Cooperation Fund (EDCF) and is a very important development partner. The total amount of ODA loans from the EDCF for Bangladesh is $3 billion, covering 34 projects.
The EDCF also has 14 projects underway, either in progress or under feasibility study, which will raise the total amount of Korean investment to $7 billion.
"We hope to continue to proceed with existing projects without interruption," said the South Korean Ambassador.
"Just 50 years ago, Korea was also an ODA (Official Development Assistance) recipient country. So, we are well aware of the difficulties of Bangladesh and could be good partners through sharing development experience," said Ambassador Park Young-sik.
He also underscored the need for early negotiation of EPA between Bangladesh and South Korea.
The Chief Adviser thanked Korea for their continued support for Bangladesh in various fields.
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