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Home Business & Economy

Korea, Nigeria to Strengthen Bilateral Economic Ties

March 13, 2025
in Business & Economy
Reading Time: 1 min read
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Kim Pankyu
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The Republic of Korea has reiterated its commitment to strengthening ties with Nigeria, particularly in economic cooperation, security and people-to-people exchanges.

The Korean Ambassador to Nigeria, Kim Pankyu, said this on Thursday at a news conference to mark the forty fifth anniversary of diplomatic relations between Korea and Nigeria in Abuja.

Pankyu said that since his assumption of office as Korea ambassador to Nigeria, the relationship between Korea and Nigeria had grown significantly and that both countries have kept a stronger synergy in strengthening the cultural affinity they both shared.

According to him, the Korean embassy business operations in Nigeria have an essential favourable investment environment.

The ambassador said that one of the most notable milestones was the first-ever Korea-Africa Summit in June, where they facilitated high level discussions between Korea and Nigeria.

He said such high level discussions resulted in meetings with the Minister of Foreign Affairs, Minister of Industry and Trade, and Minister of Tourism for the benefits of both countries, noting that Nigeria remains Korea’s most important trade and investment partner in Africa.

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