- Kihak Sung, Chairman of Youngone Corporation, received honorary citizenship of Bangladesh for his contributions to the textile sector.
- The award was presented by Chief Adviser Prof Muhammad Yunus at the Bangladesh Investment Summit 2025.
- Other awardees included Fabric Lagbe Ltd, Walton, bKash, and Square Pharmaceuticals for their investment excellence.
- Prof Yunus highlighted Bangladesh’s rapid progress and invited global investors to explore opportunities in the country.
- The summit featured discussions with international and local business leaders on enhancing Bangladesh’s investment climate.
Kihak Sung, Chairman of Youngone Corporation, has been awarded honorary citizenship of Bangladesh. This recognition was bestowed for his significant contributions to the country’s readymade garments (RMG) and textile sectors. The ceremony took place at the Bangladesh Investment Summit 2025 in Dhaka on April 9, 2025. Chief Adviser Prof Muhammad Yunus presented the award during the event.
Sung first visited Bangladesh in the mid-1990s and played a pivotal role in the development of the RMG and textile industries. Under his leadership, Youngone Corporation became a pioneering investor, establishing operations in the Chattogram and Dhaka Export Processing Zones, as well as the Korean Export Processing Zone. The company’s investments have significantly boosted employment and positioned Bangladesh as a key player in the global textile market.
Upon receiving the honorary citizenship, Sung expressed his gratitude, stating, “I am truly honoured to receive the honorary citizenship.”
Recognition of Investment Excellence
The summit also celebrated key contributors to Bangladesh’s economic progress. Fabric Lagbe Ltd won the innovation award. Walton and bKash earned honors for bringing in foreign investment.
Square Pharmaceuticals stood out as a top local company. bKash received praise for promoting financial inclusion. Kamal Quadir, bKash founder and CEO, proudly accepted the award.
Bangladesh’s Bold Steps Toward Growth
To begin with, Chief Adviser Prof Muhammad Yunus called Bangladesh a land of “crazy ideas” turned real. He praised the country’s fast growth and urged global investors to look into its potential. As he put it, “It’s an amazing journey…that Bangladesh came a long way in a very short time.”
Meanwhile, the summit brought together both local and global business leaders for open discussions. Notably, Baroness Rosie Winterton and Óscar García Maceiras shared ideas to improve the investment scene. Together, they explored ways to make Bangladesh more attractive and welcoming for investors.
In addition, the Bangladesh Investment Summit 2025 showed strong commitment to economic development. It also celebrated contributors like Kihak Sung and bKash for driving progress forward. All in all, with such partnerships and bold steps, Bangladesh continues shaping a brighter future.