The Republic of South Korea said it would establish a Cultural Creation Convergence Belt (CCCB) in Nigeria to enrich the development of Cultural contents industry between Nigeria and Korea.

Mr Noh Kyu-duk, the South Korean Ambassador to Nigeria, made this known during a media chat with newsmen on Wednesday in Abuja.

Kyu-duk said the CCCB would comprise six institutions.

“They will include: Creative Centre for Convergence Culture (cultural contents planning), Creative Economy Leader Venture (commercialisation) and K-Culture Valley.

“Others include: K-Experience and K-POP, Arena (realisation and consumption) and Cultural Creation Academy (Human Resource Development).

“The CCCB is expected to create 53,000 jobs over the next five years,’’ he said.

According to him, Korea’s total amount of cultural export has surpassed “$5.7 billion in 2015’’ and will continue to be a new economic growth engine.

On the economic cooperation between Nigeria and Korea, Kyu-duk said that he was doing his best to foster economic relations between the two countries.

“The annual trade volumes between Nigeria and Korea had exceeded $4.4 billion in 2014, making Nigeria Korea’s 52 largest export market and the 26th biggest import market’’.

The ambassador noted that about 8,000 Nigerians were being employed by more than ten major Korean companies in the key business sector such as oil and gas, electronics and automobiles.

“The President Buhari Government has launched various reform policies such as industrial diversification, job creation, expansion of infrastructure and others.

“The Korean Government is interested in partnering with Nigerian government in those areas of the reform policies.

“I am certain that Korean companies will contribute to Nigeria’s economic growth by increasing trade volume and their investment in the country,’’ he said.

On the Korea-Nigeria Avoidance of Double Taxation Agreement, the Ambassador said that the issue was still pending.

He, however, said that if successful, the agreement would motivate Korean companies to increase their investment and boost their business activities in Nigeria by reducing their tax burden.

According to him, the executive bill for the domestication of the agreement had been sent to the Nigerian National Assembly.

“My embassy is working very closely with the National Assembly; and I must also thank the leadership of the National Assembly for paying great attention to this agreement.

“However, it is my sincere hope that the bill will pass through the house within the next few weeks,’’ he said.

On Korean aid to Nigeria, the ambassador said that the Korean international Cooperation Agency (KOICA) had provided Nigeria with development aid since 1991 mostly in areas of education, vocational training and e-government.

He added that KOICA was building junior and senior secondary model schools in Abuja worth $150 million and also building capacity of e-government worth $8.56 million.

“We have established a vocational training Centre in Lokoja, the Kogi capital, and a rice processing centre in Bida, Niger, among many others.

“In addition, more than 1,500 Nigerians have been invited to Korea to attend various kinds of training for human resource development,’’ he said. (NAN)

http://www.financialwatchngr.com/2016/03/31/south-korea-establish-cultural-creation-convergence-belt-nigeria/

ftc

One of the reasons we musn't devalue the naira!

I am tired if reading news like this characterized by " we are planning to" ..."we are going to"......

its same thing this APC government used to scam its zombies and now they are beginning to realize.

No pishure

Big big talk.

Spreqeing south Asian culture to Nigeria

Omo abule sowo

lekjons:
One of the reasons we musn't devalue the naira!

No right thinking Nigerian will support devaluation considering the level of our Industrial decay and poor economic infrastructures!

Devaluation is a whirlwind that blows Nigerian economy no good for now!

What's all this again


Buhari sef!



This country sef!



Jonathan sef!

It's a welcome development if it we really achieve it aim

nice one. pic

Hillzy:
T

T for that 300 years old tortoise
SBA

Huuuh

Hope Nigeria will also have a CCCB in their country

An Italian adage says "a grain of rice doesn't fill the sack but it helps".

We've got very rich cultural heritage from the North, Souh, East and West, most of which have been eroded by Western
"indoctrination". The Chinese and Asians generally have made unbelievable technological strides but yet managed to preserve their culture from extinction and today, millions of foreigners flock to those countries just to get a feel of their traditional cuisines, lifestyle, art, and architecture, earning them tons of forex in addition to countless other sources.

Chinua Achebe and Soyinka have done a great deal as regards preservation of our cultural heritage but a whole lot still needs to be done. This one would sure consolidate their effort.

Good gesture from the koreans.

Please enlighten me the objectives and benefits of the CCCB

The welcoming invasion and exploitation of Nigeria...... whatever it is.... just say job creation and it would be seen as progress and development.Bere they are...coming to exploit.... and don't even want to pay tax!

Where are the 'wailers' the 'likers' and the 'sharers'

Gud! Until I see or hear dat it's progressed to have estalished no comment.

Hope so. Only if.......

Technology is an emanation of the Culture of a People. People who have no Culture, cannot have their own Technology.

that is good

Cheap talk until it is done

Nice one