ব্যবহারকারী:Das Mrittunjoy/Korean EPZ, Chittagong

Korean Export Processing Zone

Korean Export Processing Zone (KEPZ) is the first private export processing zone in Bangladesh established in 19. This EPZ is established by Youngone Corporation one of the largest manufacturer in the world from South Korea.

The Korean company has developed a substantial area by turning the barren hillocks into a productive industrial area spending $250 million. It constructed 21km of roads, housing for investors and officials, 17 lakes and planted 1.6 million trees.

Youngone set up 06 shoe factories, 09 garments 01 handbag factory and 01 textile factories creating jobs for 20,000 locals. Three more factories would start operations by December.

Once fully operational, the KEPZ would employ 3.5 lakh people. It has plans to set up a school, a residential university, a business development park and an IT park and a hospital. Youngone, which started working in Bangladesh in 1980, has industries in Dhaka and Chittagong EPZs with 60,000 workers. It has operations in 12 other countries.

Sheikh Hasina, the prime minister of Bangladesh was the chief guest in the ground-breaking ceremony was presided by Kihak Sung, the Chairman and CEO of Youngone Corporation.