South Korean Ambassador to Bangladesh Lee Jang-Keun on Thursday said Bangladesh is an attractive investment destination for Korea.

Korean companies will find more opportunities as the Government of Bangladesh makes strenuous efforts to improve business environment by removing obstacles, he said at a country lecture webinar titled “Exploring Korea- Bangladesh Relations in the Last Five Decades and Beyond.”

Bangladesh Institute of International and Strategic Studies (BIISS) organized the event where the Ambassador delivered his lecture as guest speaker.

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He said the future of Bangladesh- Korea relations looks very bright and it will get brighter with diversified success stories.

Director General of BIISS Major General Md. Emdadul Bari delivered the welcome address and Chairman of BIISS Ambassador M. Fazlul Karim presided over the session and delivered the concluding remarks.

Ambassador Lee highlighted that Bangladesh and Republic of Korea enjoy friendly relations since the establishment of their diplomatic relations when the Republic of Korea recognized newly independent Bangladesh on 12th May 1972.

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The year 2021 marks the 49th anniversary of Korea’s recognition of Bangladesh.

He mentioned that during the past five decades, the relationship between two countries has expanded and developed on every field of cooperation.

Since the early 1980s, Korea has been the leading foreign investor in the RMG sector of Bangladesh. Korea continued to hold its position as a major foreign investor in Bangladesh.

“Slow but steadily, more and more Korean companies started investing in different potential areas like electronics, automobiles, and ICTs,” said the Ambassador.

BIISS Chairman Fazlul Karim said the year 2021 marks the 49th anniversary of Korea-Bangladesh relations and during the past five decades the two countries have developed and enjoyed strong ties and partnership in every aspect and every field of cooperation.

Aside from the conventional areas of cooperation, he said, both nations are enhancing their efforts to diversify relations. “People-to-people contacts are one of them.”

BIISS DG Emdadul Bari said Bangladesh and Korea have a cultural affinity that can be tapped into to nurture further cultural exchange and people-to-people contact.

Besides, he said, with the rise of Korean film industry, Korean culture is earning a soft corner amongst our teens and youth, many of whom already were avid fans of K-Pop.

Senior officials from different ministries, ambassadors and high commissioners, senior civil and military officials, media, academia, teachers and students from different universities participated in the webinar and shared their opinions in the open discussion session.