Korea Archives — City Business News

August 1, 2023 No Responses

Kia Sportage SUV Marks 30th Anniversary, Delivers 7m Units

Kia has marked three decades of its popular Sportage compact SUV with the launch of a new 30th Anniversary Special Edition in the Korean market. Upon its inception in 1993, the Sportage has left an indelible mark on the automotive industry. ...

February 8, 2023 No Responses

Korean Envoy Harps On African Continent’s Blue Economy Potentials

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong has described Nigeria as the gateway to unlocking the potential of the African Continent’s Blue Economy. Choi Yeong, who made the assertion during a courtesy cal...

November 11, 2022 No Responses

Photo News

Director General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Bashir Yusuf Jamoh, OFR in handshake with President Yoon Suk-Yeol of South Korea with President Muhammadu Buhari, GCFR, during a Bilateral Meeting after the DG addressed a busi...

October 8, 2022 No Responses

NADDC, Korean Firms To Produce Electric Vehicles In Nigeria

The National Automotive Design and Development Council (NADDC) has sealed partnerships with some Korean companies to produce more Electric Vehicles in Nigeria. A statement from the council on Friday explained that Jelani Aliyu, its Director-General, disclose...

April 3, 2022 No Responses

KSOE Secures $448.1m Order For Two LNG Carriers

South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for the construction of two liquefied natural gas (LNG) carriers. The order, valued at KRW 545.8 billion (about $448.1 million), has been placed by an undisclose...

January 19, 2022 No Responses

Price Fixing: 23 Shipping Firms To Pay $81m Fine

The antitrust regulator in South Korea has sanctioned 23 domestic and foreign container shipping companies for fixing maritime freight rates. On 18 January 2022, the Fair-Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7...

August 5, 2021 No Responses

Nigeria, Korea Sign $13m MoU On e-Governance

The Nigerian Government has concluded plans to fully digitise its processes, particularly in the civil service and other government institutions by 2026. Minister of Communication and Digital Economy, Dr Isah Pantami disclosed this on Thursday when he si...

October 8, 2020 No Responses

Hyundai Delivers First Fuel Cell Trucks To Switzerland

South Korean carmaker Hyundai on Wednesday presented the first seven hydrogen-powered trucks to customers in Switzerland, out of 50 such vehicles scheduled this year to bring zero-emission commercial vehicles to European roads.For long haul, proponen...

September 4, 2020 No Responses

Nigeria, Korea Pledge to Deepen Cooperation in Shipping

Nigeria and South Korea have agreed to intensify their collaboration in trade and shipping development. This was disclosed in Lagos during a meeting between the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr...

October 17, 2019 No Responses

Nigeria Deports Seven Koreans

The Nigerian Government has deported seven nationals of Democratic People’s Republic of Korea (DPRK) back to their country. Mr Sunday James, Public Relations’ Officer (PRO), Nigeria Immigration Service (NIS), disclosed this in a statement on Wednesday in A...