Why does Youngone Group describe its relationship with Bangladesh as a long-standing partnership?

Youngone entered Bangladesh in 1980 and says it contributed to the growth of the country’s garment industry. Youngone Vice Chairman Sung Rae-eun said the company and Bangladesh had grown together over many years and that trust could help create new opportunities for cooperation.

Which Korean companies and AI firms are on the Bangladeshi delegation’s visit schedule?

The delegation plans to meet Samsung Electronics, SK hynix, LG Electronics and Hanwha Ocean. Its planned visits to artificial intelligence companies include LG AI Research and FuriosaAI.

Youngone Group seeks to expand economic ties with Bangladesh

Q: What economic cooperation activities are planned during the Bangladeshi delegation’s visit to Korea?

The delegation is scheduled to discuss economic and trade issues with Deputy Prime Minister and Finance and Economy Minister Lee Hyoung-il, National Security Adviser Wi Sung-lac and Trade Minister Park Jung-sung. It also plans meetings with major Korean companies and visits to artificial intelligence firms.

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Summary

Youngone Group and the Federation of Korean Industries hosted a welcome dinner and Korea-Bangladesh economic cooperation meeting in Seoul, Monday. The Bangladeshi delegation is scheduled to discuss economic and trade issues with Korean officials and meet major companies and artificial intelligence firms before leaving Korea Friday. Youngone entered Bangladesh in 1980 and says it will continue to support private-sector economic cooperation between the countries.

Key Facts

Attendees from Bangladesh included Finance Minister Amir Khosru Mahmud Chowdhury and Prime Minister’s Adviser on Posts, Telecommunications and Information Technology Rehan Asif Asad.
Korean participants included Youngone Group Chairman Sung Ki-hak, FKI Executive Vice Chairman Kim Chang-beom and Export-Import Bank of Korea President Hwang Ki-yeon.
The delegation plans to meet Samsung Electronics, SK hynix, LG Electronics and Hanwha Ocean, and visit LG AI Research and FuriosaAI.
Youngone said it helped Bangladesh’s garment industry grow and the country become the world’s second-largest apparel exporter.

By Nam Hyun-woo

Published Nov 3, 2026 12:03 pm KST

Youngone Group Chairman Sung Ki-hak, front row seventh from left, and Vice Chairman Sung Rae-eun, front row ninth from left, pose with Bangladesh's Finance Minister Amir Khosru Mahmud Chowdhury, front row eighth from left, and members of his economic delegation during a meeting in Seoul, Monday. Courtesy of Youngone Group

Youngone Group and the Federation of Korean Industries (FKI) jointly hosted a welcome dinner for Bangladesh's finance minister and a Korea-Bangladesh economic cooperation meeting in Seoul, Monday, the two organizations said Tuesday.

The event was attended by Bangladesh's Finance Minister Amir Khosru Mahmud Chowdhury; Prime Minister's Adviser on Posts, Telecommunications and Information Technology Rehan Asif Asad; Prime Minister's Special Assistant for Investment and Capital Market Tanvir Shahriar Ghani; and Md. Shahriar Kader Siddiky, secretary of the Economic Relations Division under the Ministry of Finance.

Toufiq Islam Shatil, Bangladesh's ambassador to Korea, and Qingfeng Zhang, director of the Asian Development Bank's Bangladesh Resident Mission, were also present.

Korean participants included Youngone Group Chairman Sung Ki-hak, who heads the Korea-Bangladesh Economic Cooperation Committee, and Vice Chairman Sung Rae-eun, along with FKI Executive Vice Chairman Kim Chang-beom, Export-Import Bank of Korea President Hwang Ki-yeon, OCI Holdings Chairman Lee Woo-hyun, Hanjin President Cho Hyun-min and SK Gas CEO Yoon Byung-seok.

"Bangladesh is a valued business partner with which we have grown together over many years and a country with which we share a special relationship," Sung Rae-eun said. "Based on the trust we have built over the years, I hope this visit will promote exchanges between the business communities of the two countries and create new opportunities for cooperation."

The Bangladeshi delegation will remain in Korea until Friday and is scheduled to discuss economic and trade issues with senior government officials, including Deputy Prime Minister and Finance and Economy Minister Lee Hyoung-il, National Security Adviser Wi Sung-lac and Trade Minister Park Jung-sung.

The delegation also plans to meet with major Korean companies, including Samsung Electronics, SK hynix, LG Electronics and Hanwha Ocean, and visit artificial intelligence companies such as LG AI Research and FuriosaAI.

Youngone Group, which co-hosted the event, entered Bangladesh in 1980 and has contributed to the growth of its garment industry, helping the country become the world's second-largest apparel exporter. The group said it would continue serving as a bridge for private-sector economic cooperation between the two countries.

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