Author: BangCham Korea
Business issues in South Korea: Regulations, incentives and taxation
Except of high-risk items regarding public health and sanitation, the national security and the environment that requires additional documentation and technical tests, goods imported into South Korea with no record of trade-law violations doesn’t require customs inspection. The importers can make an import in online declaration using the Korean Customs Service’s of Electronic Data Interchange […]
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Bangcham: For mutual betterment
The Bangladesh chamber of commerce in Korea (BangCham) is an organization that represents the business interest of Bangcham members in Korea and Bangladesh. It works as bridge for the mutual betterment of companies of both countries.This organization is established with some aims such as: It is working to create a responsive business environment in between […]
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China delegation’s cancelled US farm states visit.
Chinese trade delegation canceled a trip to American farm states and according to a senior member this was not down to failure in trade talks. Vice-minister of the Ministry of Agriculture and Rural Affairs said that the change in the plan had nothing to do with the trade negotiations, as the trip was a stand-alone […]
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Germany proposes to assemble BMW, Mercedes-Benz cars in Bangladesh
The visiting German business delegation proposed to set up a plant for the world renowned car companies like BMW, Mercedes-Benz in Bangladesh. They had placed the proposal while paying a courtesy visit to Finance Minister of Bangladesh. The high level business delegation led by German Ambassador to Bangladesh proposed that some parts of the BMW […]
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South Korea is planning for record budget for export
South Korea is planning for budgeting the highest budget spending next year to boost the country’s exports amounts which have been unpleasant of growing trade frictions, such as the trade war between the United States and China.The budget of 1.07 trillion won to promote exports and diversify overseas markets. South Korea also plans to offer […]
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Entrepreneurship For Global Growth.
#Entrepreneurship is a process of launching, developing and running a business by taking financial risks. This business venture can be large in amount or not. In another term, If a person wants to launch or running his/her own business is called Entrepreneur.This procedure is called Entrepreneurship.For economic development for expanding global market, Entrepreneurship is very […]
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Unpredictable tax measurement procedure needs to be modified:
Economic affairs adviser to the prime minister said Unpredictable tax measures and a lack of knowledge on taxation are making Bangladeshi exporters less competitive in the global market It will continue to create unreasonable protection for domestic industries unless the tax rate system is updated and dispersal of the rates is not reduced, he said […]
Read more US-China Trade War affects on business trips of Chinese
Business trips to the US by the Chinese seems to decline in 2019 after years of growth as trade war between world’s top two economies China and US. According to US Commerce Department data, In the first six months of the year 2019, the business travelers of mainland Chinese declined by 1.9 percent year and […]
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Banks will not be recapitalized, they have to sustain by themselves:Finance Minister of Bangladesh
The Finance Minister of Bangladesh, AHM Mustafa Kamal announced that the state banks would no longer be handed taxpayers’ money to meet their capital shortfall.He said it was a future thing after meeting with the chairman and managing directors of public bank at the planning ministry. From now ahead, Those banks will not be recapitalized, […]
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Korean Business News Today:
The finance minister of South Korea said Monday that the country will implement a new plan named “greater and aggressive” fiscal policy next year to deal with a series of economic headwinds, such as an increasing trade row between the United States and China, and another trade tussle with Japan. The minister of economy and […]
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