, June 1 -- Highlighting Bangladesh's great potential, South Korean Ambassador to Bangladesh Park Young-sik on Sunday said the post-LDC graduation phase in Bangladesh will require considerable efforts from both the government and the private sector to overcome a lot of challenges which the country will face in the coming years.

"Graduation from LDC means that Bangladesh should focus not just on the quantity, but on the quality of its economic growth," he said, noting Bangladesh-Korea growing economic cooperation.

The quality of economic growth must be driven by innovation, knowledge and technology-areas where foreign companies can make substantial contributions, said the ambassador while speaking at a seminar.

Looking to the future, he...