1 week ago
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LG Electronics has celebrated its recognition as a top 100 global company with its participation at the Korean National Day celebration in Abuja where it displayed its latest innovations.
In a statement, LG said it was among four Korean companies recognised at a recent event held in Abuja by the South Korean Embassy where companies exhibited their recent advancements.
LG displayed a range of products, including the InstaView Refrigerator, OLED TV, and WashTower, at the event, which featured government officials, diplomats, and business leaders.
LG’s Public Relations Manager in Nigeria, Moses Osime, highlighted the relationship LG has with the Nigerian market, saying “What LG brings is the best of the Korean high-tech creations to improve the life of the Nigerian people.
“On this national celebration, we are stressing our vision as a flagship leader in this industry, showing our utmost goodwill to work and strengthen ties between our brand and the local communities, through presenting world-class technologies that transform lives in a positive way.”
South Korean Ambassador to Nigeria, Kim Pan-kyu, expressed optimism for a vibrant economic partnership between the two countries, stating “Since Nigeria is a leading economy and the biggest market in Africa, I believe that the partnership between Korea and Nigeria will be one of the most vibrant ones in the years to come.”
Pan-kyu pointed out that trade between Nigeria and Korea surged by 55 per cent in the third quarter of 2024, with Nigerian exports to Korea increasing by an impressive 91 per cent.
He underscored Korea’s commitment to fostering economic ties, noting plans to raise Official Development Assistance funding to $10bn by 2030 and to support Korean businesses in Africa with $14bn by the same year.
The ambassador also praised Nigerians’ growing interest in Korean culture, particularly K-pop, K-drama, and Korean cuisine.
“When I first came to Abuja earlier this year, I was pleasantly surprised by Nigerian people’s high interest in Korean culture,” Pan-kyu remarked, citing examples like a K-food contest and a Taekwondo championship in Abuja where Nigerians participated in Korean traditions.
