• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Korea, Nigeria trade hits $2bn

Trade

The Matters Press by The Matters Press
March 11, 2022
Reading Time: 1 min read
0
Global trade’ll grow to $30tn by 2030

The Korean Ambassador to Nigeria, Mr. Kim Young Chae, has said has unveiled the volume of trade between the country and Nigeria which rose to $2 billion in 2021.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Chae said on Thursday when he addressed the media on the heels of the election of Yoon Suk-yeol as South Korea’s President-elect on Wednesday.

He said the bilateral trade figure was a 50 per cent increase in compared to that of 2020. He said the boost in bilateral trade occurred in spite of the COVID-19 pandemic.

“I hope that this year our bilateral trade rises further and at the end of the day I want to see Nigeria become Korea’s biggest trading partner in Africa.

Nigeria is the biggest economy in Africa, so it should be Korea’s number trading partner among Africa’s countries,” Kim said.

Presently, Nigeria is Korea’s third biggest trading partner in Africa.
The ambassador said the balance of trade between both countries was driven mainly by Korea’s manufactured goods, like plastic and aluminum related products and Nigeria’s oil and gas.

“We are importing a lot of Nigerian gas to further increase our bilateral trade. Of course oil and gas is very important, but we want to see some agricultural products from Nigeria and manufactured goods in order to penetrate into Korean market.

“I hope more Nigerian companies will study Korean markets and Korean consumers. For example, we import a lot of sesame seed and I know that Nigeria produces a lot of sesame seed. There is a huge potential for Nigeria’s sesame seed or sesame oil,” he said.
More=Arise=

Tags: Trade
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Act fast on Electoral Act, National Commissioners, Senate advised

What to know about Nigeria's Constitution Amendments

NBS reports increase in Inflation

AGO price hike will worsen inflation - IPMAN

Recommended Stories

Nigeria begins process for ratification of key ILO conventions

Global unemployment to increase in 2024, ILO warns

January 11, 2024
Embrace entrepreneurship in place of white-collar jobs- Minister

Young CEOs seek creation of ministry for young entrepreneurs

September 19, 2023
South Africa in load shedding to manage dip in power

Nigeria plans 6000MW to improve power supply – Minister

March 12, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us