South Korean company YoungOne Corp is planning the world's largest shoe factory near the city of Chittagong, in the south east of Bangladesh, according to local news reports.

The US$100m plant will employ 30,000 people and produce 100,000 pairs of shoes a day - 30m pairs a year - for export, a report by Agence France-Presse said.

Quoting operations director Shikder Meshbahuddin Ahmed, the news service said production is due to start in the middle of next year.

YoungOne, which also has operations in Vietnam and China, last year it exported over $300m worth of garments from Bangladesh.