Bangladesh's BIDA assures S Korea full support to set up businesses

The assurance was given by BIDA executive chairman Ashik Chowdhury at an investment seminar hosted by the authority in Seoul.

South Korea is the fifth largest foreign investor in Bangladesh.

“There has never been a better time to enter Bangladesh,” said Nahian Rahman Rochi, head of business development at BIDA, referring to Bangladesh’s present status as similar to that of South Korea in the 1980s.

“Macroeconomic indicators from exports and currency stability to inflation are at their most favourable levels in recent years despite global uncertainties. The government has rolled out 32 targeted reform initiatives to facilitate business entry. And for those exploring Bangladesh for the first time, BIDA provides full-spectrum support—from investment advisory to factory set-up—through our One Stop Service platform,” he was quoted as saying by a BIDA press release.

Chang-beom Kim, vice chairman and chief executive officer of the Federation of Korean Industries (FKI), said his country and Bangladesh are accelerating negotiations for a comprehensive economic partnership agreement. The talks began in August 2025 and are expected to further boost bilateral trade and investment, he noted.

The seminar was organised in collaboration with the embassy of Bangladesh in South Korea and FKI, and backed through technical cooperation from the International Finance Corporation.

ALCHEMPro News Desk (DS)