South Korea Ready To Partner With Nigeria

South Korea says it is ready to partner with Nigeria for business.

This was revealed by The Commercial Attache to Embassy, Mr Bohyun Pyun.

Pyun said this on Thursday in Aba during the Aba Chamber of Commerce, Industry, Mines and Agriculture (ACCIMA) 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 minerals Liquefy.

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, ACCIMA, Mr Ady Obadi said the forum was set up to discuss partnerships and collaborative openings with South Korea and South Horizon ltd, 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.

Obasi 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”.