Dhaka, July 29 -- Dhaka expects South Korean loans for nearly two dozen proposed development projects initially involving Tk 816.70 billion as the Asian country aspires to be a new financier of megaprojects in Bangladesh.

High officials of the lender-country evinced initial consent to loans worth over US$ 6.0 billion during a recent visit to Bangladesh, said officials at the Economic Relations Division (ERD).

"South Korea is considering increasing its investment in Bangladesh's development projects. However, the country is currently showing a stronger inclination towards financing megaprojects," officials told The Financial Express.

Earlier on July 22, a four-member delegation from South Korea's Ministry of Land, Infrastructure and Tra...