• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, July 24, 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

ADC’s claim on refinery sale, horrendous half truth

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

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

Nigerian firms to handle $4b gas project
Economy/Technology

ADC’s claim on refinery sale, horrendous half truth

July 23, 2025
Tinubu inaugurates economic council
Energy

‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎

July 23, 2025
Babangida Aliyu’s Exit from ADC, a testament to Coalition’s deceitful recruitment- Group
Economy/Technology

‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

July 20, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Group commends Tinubu’s exceptional honour to late President

July 20, 2025
Nigeria has not taken decision yet on fuel subsidy
Economy/Technology

Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal

July 19, 2025
Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 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 loses $25b to foreign ship owners

Freight forwarders threaten strike over alleged extortion by shipping companies

October 22, 2021
CIIN president tasks Insurance directors on manpower development

Assets in Insurance sector hits N2.1trn in 2021

February 15, 2022
China introduces new visa

AfCFTA: Remove Visas, reduce customs process to ease logistics

April 22, 2023

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

  • ADC’s claim on refinery sale, horrendous half truth
  • ‎No political undertone in Tinubu’s befitting honour for Buhari, TDF ‎
  • ‎Stop scapegoating Tinubu, stick to ethics of internal democracy, Group tells ADC ‎

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