South Korean Ambassador to Nigeria, His Excellency Kim Pankyu, has reaffirmed Nigeria’s status as South Korea’s top investment partner in Africa, emphasizing strong economic ties and growing bilateral cooperation.
According to korea.net, the envoy made this statement during the 45th anniversary of diplomatic relations between the two nations, highlighting the growing economic ties and mutual cooperation.
Ambassador Kim expressed satisfaction with the surge in trade between both countries, noting that bilateral trade increased by 38.6% in 2024, reaching $2.2 billion.
He emphasized ongoing discussions with Nigeria’s Ministry of Foreign Affairs, Ministry of Trade and Investment, and Ministry of Agriculture to further strengthen bilateral relations.
“We are committed in strengthening our ties, particularly in economic cooperation, security, and people-to-people exchange,” he said.
The ambassador also revealed promising developments in health and biotechnology. A South Korean biotech company has approved the packaging of 15 million HIV testing kits in Nigeria through Colexa Biosensor Limited and Codix Pharma Group.
He noted that both countries are working diligently to finalize key agreements, stressing the vast opportunities for increased trade and investment.
The event also marked one year since Ambassador Kim assumed his diplomatic post in Nigeria, fostering optimism for even deeper cooperation between the two nations.
