Overview of ADB 2023 Korea Business Cooperation Events
The ADB 2023 Korea Business Cooperation Events are annual forums designed to deepen business cooperation between ADB and Korean companies. The events focus on sharing ADB procurement opportunities, supporting Korean participation, and highlighting South Asian project pipelines that include Bangladesh.
The event is co-hosted by the Ministry of Strategy and Finance, ADB Seoul Office, and KOTRA, with participation from more than 100 Korean construction, plant, and IT companies. Core sessions include an ADB procurement briefing, Bangladesh project updates, and B2B matching.
ADB Cooperation Forum
Event
2023 edition
ADB · MOF
Organizer
Joint
100+ firms
Attendees
Korean companies
$36B+
ADB Pipeline
Approved 2023
$3B+
Bangladesh
ADB portfolio
500+ /year
Tenders
ADB ICB
$1.2B+
Korean Awards
ADB total
50+
B2B Matches
Partnering sessions
Event Program
ADB 2023 Korea Cooperation Events Program
| Session | Content | Speaker | Duration | Note |
|---|---|---|---|---|
| Keynote | ADB strategy and Korea cooperation | ADB Vice President | 30 min | Policy direction |
| Procurement Guide | ADB procurement process · PQ requirements | ADB Procurement Office | 45 min | Practical guidance |
| South Asia Briefing | Bangladesh and India projects | ADB South Asia Department | 45 min | Project highlights |
| Sector Sessions | Energy, transport, water | Sector specialists | 90 min | Three tracks |
| B2B Matchmaking | Korean firms with ADB specialists | KOTRA | 120 min | 50+ consultations |
Bangladesh ADB Project Opportunities
ADB Bangladesh Portfolio
Total Portfolio$3B+ (2023 basis)
Transport$1.2B (roads, rail, ports)
Energy$800M (power, gas)
Urban and Water$600M (wastewater, urban systems)
Korean Contracting Performance
ADB Total$1.2B+ (2023)
Bangladesh$300M+ (2023)
Focus SectorsRoad, Energy, Water
Bid Ratio3:1 to 5:1 (ICB)
ADB Strategy for Korean Companies
01
Understand ADB Procurement
ADB procurement is conducted through ICB (International Competitive Bidding), NCB (National Competitive Bidding), Shopping, and Direct Procurement. Korean firms should prioritize larger ICB tenders ($10M+) and track ADB Procurement Plans to identify bid windows in advance.
02
Register as ADB Consultant
Register Korean firms in the ADB consultant database (CSRN) to engage in advisory, supervision, and design assignments. Support the documentation of performance so Korean engineering firms can be included in consultant shortlists.
03
Target Bangladesh ADB Contracts
Within Bangladesh's ADB portfolio of $3B+, identify projects suitable for Korean firms such as ITS roads, transmission, wastewater treatment, and solar power. Exchange market intelligence with the ADB Bangladesh Resident Mission (BRM) to secure pipeline updates early.
04
Use ADB Trust Funds
Take advantage of ADB-managed trust funds such as e-Asia and the Knowledge Partnership Fund. These instruments can be used to finance feasibility support, technical advisory, capability building, and pilot projects, lowering initial entry costs.
Workflow for Entering ADB Projects
ADB Project Engagement Process
Attend Event
Gather intelligence
→↓
CSRN Registration
Consultant onboarding
→↓
Submit PQ
ICB prequalification
→↓
Bid
Technical + commercial
→↓
Contract Award
ADB approval
Through ADB Korea Business Cooperation Events, Korean firms can systematically identify bidding opportunities in Bangladesh-backed ADB projects.
Global Project Plaza GuideCheck this guide on using the Global Project Plaza system
2024 KOTRA SeminarReview the 2024 KOTRA project seminar details
ADBKoreaCooperationBusiness2023
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