Korean envoy stresses full functioning of KEPZ
The Korean Export Processing Zone (KEPZ) should start functioning as soon as possible for the development of Chittagong and the whole country, said Lee Yun-young, Korean ambassador to Bangladesh.
He spoke while he met Chittagong Mayor M Manjur Alam at the latter's office yesterday.
"Many investors are waiting to invest in KEPZ," said Yun-young.
Korea has funded Bangladesh Railway and Chittagong Water and Sewerage Authority for their development projects in the recent past, he added.
The port city mayor urged the ambassador to set up a private sector power generator in KEPZ to meet the demand of power in local factories.
Yun-young told The Daily Star that a total of 220 Korean companies operate in Bangladesh and account for 5 percent of total export volume of Bangladesh. Fifty of the companies are situated in the port city.
He said Korea is funding technical training centre in Chittagong to create expert manpower in the country. Chittagong is a very important place not only in the context of Indian Ocean region but also the whole world and will be immensely benefited from when KEPZ starts functioning to the full, he said.
Alam also urged the visitor to give financial cooperation to establish an amusement park and a cultural institute in the port city.
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