BRAC University hosted an enlightening lecture by Ambassador PARK Young Sik of the Republic of Korea to Bangladesh. The event featured a captivating discussion on "Contemporary Korea: HISTORY, DEMOCRACY, ECONOMY, PEACE AND SECURITY", at the university campus on February 6, 2024 .
In an engaging and informative presentation, Ambassador Park shared invaluable insights into South Korea's remarkable history, emphasizing its relevance and potential for Bangladesh's inspiring journey. He passionately highlighted Korea's successful path toward democratization, recalling the challenges faced during violent labor movements, wage fluctuations, and corruption. However, what truly inspired the audience was Korea's resolute response through innovative economic policies and strengthened governance.
One of the remarkable achievements Ambassador Park discussed was Korea's transition from heavy and chemical industries to high-tech and knowledge-based sectors. Through increased research and development efforts, Korea emerged as a global leader in areas such as smartphone and semiconductor production, driving economic growth and propelling technological advancement.
Ambassador Park also passionately stressed the importance of developing the domestic market, fostering healthy competition, and diversifying exports, particularly in the garment industry. His insights illuminated the path to moving away from being an original equipment manufacturer, instead focusing on value-added production, which promises tremendous growth opportunities.
Addressing the concerns of Korean companies, Ambassador Park enthusiastically encouraged measures such as streamlining visa issuance, facilitating customs clearance, implementing rational tariff policies, and ensuring ease of repatriating profits to home countries. These proactive initiatives promise to attract more foreign direct investment to Bangladesh, contributing to the nation's flourishing economy.
During the event, Professor Syed Mahfuzul Aziz, Ph.D., Pro Vice-Chancellor & Acting Vice-Chancellor of BRAC University, suggested and passionately endorsed the promotion of beyond-border industry-academia collaborations. This constructive approach promises to enhance growth and knowledge exchange further and contribute positively to Bangladesh's development.
The lecture was graced by several esteemed individuals, including Professor Mohammad Mahboob Rahman, Treasurer; Dr. David Dowland, Registrar; and Manzoor Hasan OBE, Executive Director of the Centre for Peace and Justice. Dr. Shaila Sultana, Director of the BRAC Institute of Languages, Wasiqur Rahman Khan, Professor and Chairperson (Acting) of the Department of Economics and Social Sciences, and Khairul Basher, Director of Communications.
Their active participation added to the enriching atmosphere of the event, fostering a sense of collaboration and positivity.