Standard Chartered launches Korea-Bangladesh Desk

Economic Reporter :
Standard Chartered Bangladesh has launched Korea-Bangladesh Desk to help Korean businesses to invest and operate in Bangladesh seamlessly.
A guidebook titled “Doing business in Bangladesh,” offering readers information in both Korean and English, was also launched at the event.
The event brought together the leaders of Korean business and diplomatic communities in Bangladesh, along with policymakers and leading corporate of Bangladesh.
Standard Chartered Bangladesh has been playing a leadership role in enabling and facilitating trade and investment across key trade corridors such China and Japan. The bank will be able to offer its Korean clientele the most extensive network among international banks in Bangladesh combined with strong presence in South Korea; a comprehensive product suite covering cash management, trade services, securities services and digital banking; financial risk management products; project finance and other specialised financing solutions; regulatory support and market insights honed over 114 years of operations in Bangladesh.
Speaking at the occasion, Naser Ezaz Bijoy, CEO of the bank, said, “South Korea was one of the earliest investors in Bangladesh, and remains the largest investor in our textile and RMG sectors, accounting for more than a quarter of the sectors’ FDI stock.”
“But its investments remain concentrated in sectors such as leather and banking and lag behind the top five nations overall, meaning there is significant potential for growth into sectors such as infrastructure, ship building, light engineering and more, given the right conditions,” he added.