Embassy of the Republic of Korea in People's Republic of Bangladesh

The ties between Korea and Bangladesh have, over the past 50 years since the establishment of diplomatic relations in 1973, been widely promoted in various fields. The relationship is thriving in the political, economic, development cooperation and cultural realms, as well as people-to-people exchanges.

In particular, Korean companies have played a significant role in the development of the textile and ready-made garment (RMG) industries, which account for about 85% of the exports of Bangladesh. Korean companies have also demonstrated a leading role in the ongoing infrastructure development projects in Bangladesh. The history of the active part played by Korean companies over this considerable time serves as a valuable foundation for the deepening and broadening of the scope of the bilateral relations today.

Cumulative data demonstrates that Korea has become the 5th largest Foreign Direct Investment (FDI) partner in Bangladesh, thanks to the invaluable roles played by Korean companies. Furthermore, Korea has emerged as a major destination for Bangladeshi expatriate workers - in 2023 approximately 10,000 workers will be employed in Korea through the Employment Permit System (EPS). In addition, Bangladesh is a priority development cooperation partner. Korea has been actively engaged in development cooperation projects in various fields such as agriculture, health, ICT, vocational training, and infrastructure development in Bangladesh.

The 8th most populous country in the world, Bangladesh has achieved high economic growth over the past decade. In response, Korean companies have consolidated their presence in the textile and ready-made garment (RMG) industry and, broadening the horizons, expanded into new areas such as infrastructure, electronics, electrical engineering and manufacturing. This has further deepened the ties of economic cooperation between the two countries in both qualitative and quantitative ways.

The Embassy will be delighted to continue to play a key bridging role to further develop the mutually beneficial relations between Korea and Bangladesh.

We kindly request your much appreciated attention and support for the further nurturing of the Korea-Bangladesh relations. We look to you for your continued wonderful cooperation and encouragement for the work and activities of the Embassy.

Thank you.