Showing posts with label Bangladesh South Korea Relation. Show all posts
Showing posts with label Bangladesh South Korea Relation. Show all posts

Monday, November 22, 2010

Manpower export to S Korea to pick up again next month

http://www.thefinancialexpress-bd.com/more.php?news_id=96181

Manpower export to S Korea to pick up again next month
A Z M Anas

Migration of Bangladeshi workers to South Korea will pick up again as Seoul is unveiling quota next month for labour exporting nations including Bangladesh under its special job scheme, officials said Wednesday.

South Korean companies, hammered by the global financial and economic crisis, have put off taking in Bangladeshi workers since March 2009, just a year after it began hiring from Bangladesh under the Employment Permit System (EPS).

The US$1.0 trillion South Korean economy, heavily reliant on exports, was hit hard when demand for merchandise in the developed world crimped in the wake of the global financial crisis. That also sapped demand for foreign workers.

“Hopefully, the issuance of job offer will begin in time and sending of workers will resume soon,” Begum Shamsun Nahar, managing director of Bangladesh Overseas Employment and Services Ltd. said.

Ms Nahar said Dhaka and Seoul are also taking steps to renew the two-nation manpower deal, which expired last year.

Korean Labour Ministry officials, now visiting Bangladesh, also echoed the same views, saying recruitment from Bangladesh and 14 other nations would pick up as the Asia’s fourth largest economy has sprung back to life.

The BOESL head said some 2500 Bangladeshi workers secured jobs, mostly in the Korean manufacturing sector, since 2008 when Bangladesh began catering migrants to the labour market of Korea.

Officials at the BOESL estimated that around 5,000 Bangladeshi jobseekers were waiting for job offer as Korea suspended new recruitment.

“The delay in their recruitment is creating both economic hardship and mental agony for the workers,” the BOESL official said.

Bangladeshi workers used to go to South Korea since 1994 through private recruiting agents under the industrial trainee system (ITS), which was replaced later by EPS.

Out of 2710 job offers received, officials said around 2500 workers landed factory jobs under the EPS after completion of all procedures.

Under the MoU, two government agencies-Bangladesh Overseas Employment Services Limited (BOESL) of Bangladesh and Human Resources Development of Korea-are entrusted with the exclusive responsibility to hire Bangladeshi workers.

Bangladeshi workers living in South Korea sent home over $18 million in 2009, according to central bank figures.

Ms Nahar said the introduction of EPS has substantially reduced the cost of migration and exploitation of workers.

She said a worker can secure job in South Korea, spending just Tk 54,000, which is much lower than Tk 84,000 in official fees for employment in Malaysia.

But she said the wages are much higher in South Korea, compared to most other traditional manpower markets in Asia, which hosts the bulk of Bangladeshi workers.

In Bangladesh, international labour migration has rapidly gained prominence as one of the main employment generating sectors and one of the largest sources of foreign exchange earnings.

Over a period of 33 years, between 1976 and 2008, more than 6.26 million Bangladeshi workers found overseas jobs, according to official figures.

The annual outflow has been steadily growing, peaking at 875,000 in 2008 while the remittances sent by migrant workers through legal channels alone also touched the peak last year, amounting to over US$ 10 billion.

Seoul to hire 4,500 skilled workers a year

http://www.thedailystar.net/newDesign/news-details.php?nid=136400

Seoul to hire 4,500 skilled workers a year
Unb, Dhaka

South Korean Ambassador in Dhaka Taiyoung Cho yesterday said his country would recruit 4,500 skilled Bangladeshi workers each year under a quota system.

He said different sectors of South Korea now need a large number of skilled and unskilled workers.

Cho showed eagerness to recruit the Bangladeshi workers when he called on Labour and Employment Minister Khandakar Mosharraf Hossain at the latter’s Secretariat office.

During the meeting, they discussed different bilateral issues, especially manpower export to South Korea.

The South Korean ambassador assured the minister of appointing more Bangladeshi workers in his country in future.

Praising the Bangladeshi workers employed in South Korea, he said they are industrious, sincere and law-abiding.

Saturday, November 20, 2010

Korean co to manufacture cars in Bangladesh


Korean co to manufacture cars in Bangladesh

Jasim Uddin Haroon

A South Korean automobile company unveiled a US$ 2.0 billion plan Monday to manufacture cars in Bangladesh aiming to grab the country’s fastest growing market and explore export abroad.

Tagaz Korea, established in 2006, has already purchased 350 acres of land at Bhairab in Kishoreganj to set up its second largest plant in Bangladesh, company officials said Monday.

“We want to start construction work at our site by the next six months and it will be completed within 24 months. We will then go for manufacturing cars,” Abdul Mannan Nasir, managing director of Cimillae Development Co, a concern of the Tagaz in Bangladesh, told the FE.

Officials at the Tagaz Korea, a Korea and Russia joint venture automaker, wants to manufacture cars in Bangladesh mainly because of its low labour cost and strategic location for export market.

Bangladesh is enjoying a special facility to European market under EBA (everything but arms) and labour is comparatively cheaper. Automobile industry is a semi-labour intensive industry.

Mr Nasir said Bangladeshi auto technicians, who are quick learners, have average wages between US$300-$400 a month, which is more than double in other developing nations.

He said: “A sedan costs US$ 10,000 in South Korea. But we can reduce the cost here by around $3000 due to cheap labour and other facilities existing in the country.”

He hinted that local buyers would get a sedan with 1500 cc engine capacity at Tk 700,000-Tk 800,000.

State-owned Pragati Industries Ltd has also taken a move to assemble Mitsubishi sedan by 2011.

Company officials said CCGI, a Korea-based leading funding agency, will invest in the Bangladesh plant.

Company officials said Bangladeshi partners will have 20 per cent stake in the joint venture.

Tagaz Korea, a comparatively new automobile maker, said around 30 South Korean companies will also set up their plants in Bangladesh to provide major raw materials for the plant.

Company sources said around 400 local companies will also be developed to supply different kinds of accessories for the plant.

Tagaz is currently rolling out over 500,000 cars from its Korea plant a year and it is mostly exported to European market. They are planning to manufacture at least 50,000 cars in Bangladesh’s plant a year.

Bangladesh’s car market has been growing steadily over the past few years mainly because of the credit facility. The average import of re-conditioned cars is around 30,000 a year.


source:http://www.thefinancialexpress-bd.com/2009/10/14/81579.html