There is a strong correlation between trade and shipping and if two different countries can benefit from them by initiating or improving their economic ties, why not? This paper examines the possibilities of improving trade and shipping relations between Korea and Nigeria and concludes that it is to the mutual benefits of both countries. Two sets of independent variables for determining Foreign Direct Investments were also analysed in relation to Korea investing in Nigeria. All the determinants have been fylly met. Consequently, we recommended both improvements in the trade and shipping relations between Korea and Nigeria as well as Direct Investments by Korea into the Nigerian economy.