December 8, 2022



Korea-Nigeria commerce quantity will increase as KAF President visits, guarantees improved a number of bilateral relations 

President of Korea-Africa Basis (KAP) Lyeo Woon-Ki


The commerce quantity between Nigeria and the Republic of Korea has elevated after world pandemic COVID-19 swept via varied nations of the world.

Ambassador of the Republic of Korea to Nigeria, His Excellency Kim Younger-chae, who disclosed this throughout a press briefing in honour of the go to by the President of Korea-Africa Basis (KAP) Lyeo Woon-Ki to Nigeria.

Particularly, the Korean Envoy revealed that that inside six months in 2022, the commerce quantity from Korea to Nigeria has elevated with $1.6 billion, in comparison with $2billion in the whole 2021.

The Envoy additionally defined different bilateral progress made between Nigeria and Korea particularly within the training sector, including that discussions are on to advance relations with Nigeria within the Army elements.

Earlier, the visiting KAP President Woon-Ki mentioned his go to was primarily to discover extra areas of collaborations between Korea and Nigeria in a bid to optimistic promote the nation and Africa when he returns.

Woon-Ki mentioned among the many locations he visited whereas in Nigeria had been Nigeria Affiliation of Chambers of Commerce, Business, Mines and Agriculture (NACCIMA), Ministry of Commerce and Funding and Nigeria Defence.

Woon-Ki significantly noticed that Nigeria is very hospitable and pleasant to reside in, opposite to views by some folks in his nation and components of the world 

He mentioned, “That is my first go to to Nigeria since I used to be appointed final 12 months. My Basis was established June 2019. Its perform is particularly to advertise our relationship with Africa… Korea handed a regulation to ascertain it in 2018. We don’t have the Basis for different areas besides Africa.

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“We have to promote extra issues about Africa in our occasions. We’ve got occasion in Might 28 after we promote Africa day… there are different occasions such some movie Pageant, discuss reveals, cultural show, the place we invite our colleagues from Africa.

“Not just for cultural and exhibition, we’ve got financial and enterprise exhibitions each two years, Korea-Africa discussion board each 4 years. We host dialogue on Africa the place we focus on all points associated to Africa.

“We’ve got Korea worldwide commerce affiliation and different authorities our bodies to spice up bilateral commerce. They’re all working with us in something associated to Africa. I’ve had a gathering with NACCIMA to discover extra Enterprise partnership. I hope our Enterprise relations develop greater than this.”

On instructional and technological areas, he mentioned, “We’re very a lot centered on younger generations… we recruit younger Africans who’re beginning and work collectively to advertise Africa in korea via workshops.

“Nigeria is our largest companions in the whole Africa and biggest economic system. We every now and then resolve matters for dialogue corresponding to on power and local weather change in Africa. 

“On begin up enterprise, we additionally content material thought on programme. It’s mainly for Korean college students and African college students who’re . We solely choose from big candidates…

“We offer them with some funds till they stabilise. We additionally work along with native authorities in Korea and we attempt to set up relationship with Nigeria native authorities. In September this 12 months, there will probably be Enterprise discussion board in Korea and Nigerians will probably be a part of it…”

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The KAP President mentioned Ghana and South Africa had been different nations within the schedule of his official go to to Africa.