Trade between Nigeria and Korea increased by 55 percent in the third quarter (Q3) of 2024. This is as exports from Nigeria to Korea rose by 91 percent.
This was stated at the Korean National Day held by the Embassy of South Korea in Nigeria. The event having LG Electronics participate actively, highlighted the tech novelties these Korean brands bring to the Nigerian people while allowing guests the opportunity to see the latest LG innovations held in Abuja.
The event was attended by esteemed government officials, diplomats, and captains of industry from across the world.
At the event, LG showcased their innovative contributions in electronic technology; among CE products were the InstaView Refrigerator, and the OLED TV, both designed to enhance everyday living with cutting-edge features.
South Korean Ambassador to Nigeria, Kim Pan-kyu, said relations with Nigeria would be one of its most vibrant economic partnerships in the near future.
He said with the Korean government’s commitment to increase its Official Development Assistance (ODA) funding to $10 billion by 2030, as well as provide $14 billion to Africa-based Korean companies by 2030, saying these would catalyse projects for cooperation with Africa, especially Nigeria.
