South Korean Company to Invest $8 Million in Mongla EPZ

In a significant boost to Bangladesh’s export-oriented industrial sector, a South Korean company has announced a fresh investment of $8 million in the Mongla Export Processing Zone (EPZ). The investment, approved by the Bangladesh Export Processing Zones Authority (BEPZA), is expected to create new employment opportunities and enhance the country’s manufacturing capabilities.

According to BEPZA officials, the South Korean firm, M/s. S2Tech Company Ltd., will set up a high-tech plant to produce plastic accessories for export, including high-precision parts used in electronics, home appliances, and automotive components. The factory is anticipated to generate employment for around 250 Bangladeshi nationals, directly contributing to the local economy of the Mongla region.

This marks another milestone for the Mongla EPZ, which has been drawing increasing foreign investment due to its strategic location, improved infrastructure, and favorable investment policies. As one of the country's eight export processing zones, Mongla EPZ continues to evolve into a thriving hub for global manufacturers.

BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman welcomed the investment, stating, “We are committed to facilitating a business-friendly environment for foreign investors. This $8 million investment by a South Korean company reflects growing international confidence in Bangladesh’s industrial zones.”

This latest move aligns with Bangladesh’s long-term economic vision to diversify its export base beyond the traditional RMG (Ready-Made Garment) sector and attract technology-driven manufacturing and value-added exports. The government's proactive policies, stable macroeconomic outlook, and young workforce make the country an increasingly attractive destination for FDI (Foreign Direct Investment).