Dhaka, June 2 -- Reform in the customs clearance procedure and visa regime is imperative to boost the inflow of foreign direct investment (FDI) into Bangladesh, Park Young-sik, South Korea's Ambassador to Bangladesh, said on Sunday.

He emphasised the urgent need for Bangladesh to undertake economic and policy reforms to attract higher levels of FDI, particularly in light of its impending graduation from least-developed country (LDC) status in 2026.

The envoy was speaking at a seminar on "Korea-Bangladesh Economic Cooperation," organised by the Foreign Investors' Chamber of Commerce and Industry (FICCI). Commerce Secretary Mahbubur Rahman was the chief guest at the event.

"Bangladesh must recognise that its economic structure, which pro...