Nigeria-Korea trade relations increased by 55% as LG displays 4 products at national day
South Korean Ambassador to Nigeria, Mr. Kim Pan-kyu, has said relations with Nigeria would be one of its most vibrant economic partnerships in the near future. Ambassador Kim spoke at the 2024 Korea National Day reception in Abuja, in commemoration of Korea’s independence in 1919. Nigeria-Korea trade relations increased by 55 per cent in the […]
South Korean Ambassador to Nigeria, Mr. Kim Pan-kyu, has said relations with Nigeria would be one of its most vibrant economic partnerships in the near future.
Ambassador Kim spoke at the 2024 Korea National Day reception in Abuja, in commemoration of Korea’s independence in 1919.
Nigeria-Korea trade relations increased by 55 per cent in the third quarter of 2024, with exports from Nigeria to Korea rising by 91 per cent, he disclosed in a statement as LG Electronics, the leading technology player in Korea, participated actively in the National Day held at the Embassy of South Korea in Nigeria.
LG Electronics is one of the national brands representing Korea all over the world.
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Four of the most prominent Korean companies in Nigeria, participated in the National Day reception at the Congress Hall of Transcorp Hilton Hotel, Abuja, highlighting the tech novelties these Korean brands bring to the Nigerian people while allowing guests the opportunity to see the latest LG innovations.
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 on display were the InstaView Refrigerator, and the OLED TV, both designed to enhance everyday living with cutting-edge features.
Attendees also explored the various displays including the washtower, dishwasher, air conditioner, and audio, engaging with the technology firsthand.
With the Korean government’s commitment to increase its Official Development Assistance (ODA) funding to $10bn by 2030, as well as provide $14bn to Africa-based Korean companies by 2030, Kim said they would catalyse projects for cooperation with Africa, especially Nigeria.
“Since Nigeria is a leading economy and the biggest market in Africa, I believe that the partnership between Korea and Nigeria will be one of the most vibrant ones in the years to come,” said the ambassador.
Mr. Moses Osime, the Public Relations Manager of LG Electronics in Nigeria said: “What LG brings is the best of the Korean high-tech creations to improve the life of the Nigerian people. On this national celebration, we are stressing our vision as a flagship leader in this industry, showing our utmost goodwill to work and strengthen ties between our brand and the local communities, through presenting world-class technologies that transform lives in a positive way.”