The investments by South Korea companies Giant BD Footwear and Dongwoo BD is earmarked for the establishment of a shoe and shoe accessories manufacturing industry within the Bangladesh Export Processing Zones Authority Economic Zone (BEPZA EZ).

Both manufacturing ventures are entirely foreign-owned. Giant BD Footwear’s facility is projected to produce 20 million pairs of shoes, sandals, and shoe accessories annually in BEPZA EZ and is set to generate employment opportunities for 600 Bangladeshi nationals.

Meanwhile, Dongwoo BD states it plans to create employment opportunities for 513 Bangladeshi nationals and will produce 3.6 million metres of different types of PU Synthetic Leather annually.

Giant BD Footwear’s agreement was formalised on 10 August by Ali Reza Mazid, member (investment promotion) of BEPZA, and Kim Byung Jin, chairman of Giant BD Footwear Ltd., on behalf of their respective organisations.

Major general Abul Kalam Mohammad Ziaur Rahman, the executive chairman of BEPZA was present for the signing ceremony which took place at the BEPZA complex in Dhaka.

On the same day, Dongwoo BD’s investment was made in the presence of Rahman, Mazid and Dongwoo BD’s chairman Kim Dong Kyu.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

At the recent opening ceremony of sportswear manufacturer Sports Group Denmark’s liaison office in Dhaka, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan suggested innovation along with responsible and sustainable business practices are the driving factors behind the growing popularity of Made in Bangladesh garments.

BGMEA signed a memorandum of understanding (MoU) in August with NGO Solidaridad Network Asia with the aim of combining efforts to create a sustainable and green apparel sector.

In a recent letter to the Bangladesh Prime Minister, the American Apparel & Footwear Association (AAFA) called on the government to hold accountable those responsible for the murder of union leader Shahidul Islam and address its concerns over garment workers’ welfare.