By Munachimso Obienyi
South Korean ambassador to Nigeria, Kim Young-Chae, says the bilateral trade between the two countries will likely reach more than $2 billion this year.
Mr Young-Chae said this at the South Korea National Day Reception held on in Abuja.
“The bilateral trade is expected to reach over $2 billion with a 20 per cent increase this year. About 20 Korean companies are currently active in Nigeria.
It is worthy to note that among them is Daewoo ENC, a major partner of the Nigerian oil and gas sector, and Samsung Heavy Industry invested more than $300 million to build an ultra-modern shipyard in Lagos port.”, He said.
