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IBFB sees new business opportunity with Korea

04 December 2015
IBFB sees new business opportunity with Korea

A business delegation headed by Hafizur Rahman Khan, President of IBFB (4th from right) visited Korea from 23-28 Nov 2015. Directors and Members of IBFB, Md. Ali Deen (3rd from left), Syed Mustafizur Rahman (2nd from left), Syed Enamul Haque Murad (3rd fr


Economic Reporter :
Leaders of International Business Forum of Bangladesh (IBFB) expected a huge potentiality of new business opportunity with Korea in near future. At present many large and established Korean companies have taken initiatives to expand and also relocate their businesses in different countries of the world including south Asia. Many Korean companies are giving top-most priority to Bangladesh for expanding their businesses as well as relocating their high-tech industry machineries and technologies.
An 8-member business delegation from IBFB headed by Hafizur Rahman Khan, President of IBFB recently visited the Republic of Korea (South Korea) from 23 - 28 November 2015. The delegation attended an international trade exhibition on Korean Machineries jointly hosted by the Korean Ministry of Trade, Industry and Energy and Korea Association of Machinery Industry and organized by Korea Trade-Investment Promotion Agency (KOTRA) held on 25 November 2015 in Siheung, Gyeonggi-do of Korea.
The delegation has had fruitful meetings there with Jung Sik Cho, Member of Parliament of the Republic of Korea, Jaehong Kim, President and Chief Executing Officer of KOTRA, Y. U. Tak, Chief Executing Officer of Korea Machinery Auction and Exchange (KOMAX)and  Hong-Joong Kim, Team Manager of KOMAX.
The delegation also has had several business-to-business meetings with high officials of different Korean companies in Incheon city of Korea. In these meetings, the representatives of the Korean Govt. and different business associations and companies showed interest on business expansion, relocating businesses and high-tech industry machineries and technologies of Korean companies in Bangladesh, joint venture investment and exporting Korean machineries from Korea.
The main purpose of IBFB's business tour to Korea was to explore opportunities and potentialities of enhancing bilateral trade and joint venture investment through appropriate private channels between Korea and Bangladesh. The delegation returned back to Dhaka on 29th Nov 2015 after having a successful business trip and unveiling huge potentialities of rapid industrialization for Bangladesh and enhancing bilateral trade between Korea and Bangladesh.

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