South Korean company to invest $9.39m in Bepza EZ

South Korean company Giant BD Footwear Ltd will invest $9.39 million to set up a shoe and shoe accessories manufacturing plant in Bepza Economic Zone (Bepza EZ).

This fully foreign-owned company will produce 20 million pairs of different kinds of shoes, sandals and shoe accessories per year, while 600 Bangladeshi nationals will get employment opportunities, Bepza said in a press release.

Bangladesh Export Processing Zones Authority (Bepza) signed an agreement with the company to this effect at Bepza Complex in Dhaka yesterday.

Ali Reza Mazid, investment promotion member of Bepza, and Kim Byung Jin, chairman of Giant BD Footwear Ltd, signed the agreement.