South Korea eager to Partner Nigerian Businesses

The Commercial Attache to South Korean Embassy, Mr Bohyun Pyun says the country was committed to partner Nigerian businessmen especially in Aba in building a healthy business relationship between both countries.


Pyun said this on Thursday in Aba during the Nigeria South Korea Chamber of Commerce and Industry (NSKCCI) Business Opportunity Forum.

He said that Korean Trade Investment Promotion Agency (KOTRA) where he is head was established to foster bilateral trade between South Korea and countries like Nigeria with business interests in South Korea.

The attaché said that South Korea’s major exports to Nigeria include petro-chemical products, automobiles, machinery, electronic gadgets and equipment, and electrical appliances.

Pyun said that South Korea imports from Nigeria items such as Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), Lead, Aluminium and other solid Liquefied minerals.

He said that Aba being a highly industrialized city and a notable economic hub in Nigeria, it was a worthwhile effort for Korea to collaborate with the Aba chamber.

He said it was very important to South Korea to build a strong relationship with her Nigerian counterparts and would welcome Nigerian companies wishing to invest in South Korea.

The attaché expressed hope that the visit would result in creating more business opportunities between Nigerian businessmen and those of South Korea.

The Abia State Commissioner for Industry, Chief Henry Ikoh said the state had been working to ensure that small and medium scale industries were revived in the state.

He said that the government would give the Koreans a better platform to do business in the state.

Ikoh promised that his ministry would ease the process of getting necessary documentations for people wishing to do business in the state.

The commissioner said that government was ready to partner with business people ready to supply power to Aba to boost industrial development.

Earlier, the President, NSKCCI, Hon Buchi George said the forum was set up to discuss partnerships and collaborative openings with South Korea and South South Horizon Limited, a gas supply company in Port Harcourt.

He expressed the hope that the discussions with the Korean attaché would open up avenue for the country to grant Aba businessmen quarterly quota for trade missions.

Buchi stressed the need to address issues of refusal of visa to South Korea, reversal of deportation of businessmen at the port or entry and refusal by South Koreans to accept “letters of credit as a term of payment”.