TEHRAN – Iran and South Korea signed a contract on Saturday to jointly manufacture railbuses for public transportation in suburban Tehran. The contract was signed during a ceremony in the Iranian capital, Tehran, attended by Iran’s Minister of Roads and Urban Development Abbas Akhoundi. According to the terms of the agreement, an Iranian-Korean consortium will […]

TEHRAN – US Ambassador to the UN, Nikki Haley on Wednesday said North Korea’s latest missile test brings Washington and Pyongyang “closer to war.” “If war does come, it will be because of continued acts of aggression like we witnessed yesterday and if war comes, make no mistake, the North Korean regime will be utterly […]

TEHRAN – South Korea’s oil imports from Iran jumped 43.1 percent to 14.03 million tons, or 377,059 barrels per day (bpd), in January-September of 2017 from 9.81 million tons over the same period last year. The Asian country’s intake of Iranian crude in September increased 22.8 percent from the same month a year earlier, Reuters […]

TEHRAN – According to Reuters’ report, Iran’s exports of crude oil to South Korea reached the highest level in six months in September, thanks to sanctions relief. As the world’s fifth biggest crude importer, South Korea shipped in 1.83 million tons of crude oil from Iran in September which equals to 446.148 barrels per day […]

23rd October is the 55th anniversary of diplomatic relations between Korea and Iran. Series of congratulatory events are lined up both in Tehran and Seoul until the end of this year. During the last half century, two countries have forged a solid relation and contributed to each other’s economic development. Particularly, Korea’s economic leap in […]

TEHRAN  – China’s commerce ministry said Thursday that North Korean firms or joint ventures in China will be shut within the 120 days of the latest United Nations Security Council sanctions passed on September 12. Overseas Chinese joint ventures with North Korean entities or individuals will also be closed, the ministry said in a statement […]

TEHRAN  – South Korea overpowered Iran in straight set (25-16, 25-18, 25-20) at the FIVB Volleyball Women’s World Championship Japan 2018 Asian Qualifiers Pool B at the Nakhon Pathom Gymnasium on Friday. Kim Yeonkoung collected 11 crucial points to power Korea to the victory. Mahsa Saberi also scored 11 points for Iran. Korea head coach […]

TEHRAN – A former Iranian ambassador highlighted China’s push to avert an escalation of tensions between the US and North Korea considering its extensive trade ties with Washington, but predicted that Beijing would stand by Pyongyang in case of flare-up of tensions.  Iran’s former ambassador to Beijing Mahdi Safari said China is strongly opposed to […]

South Korean President Moon Jae-in and his American counterpart, Donald Trump, have reportedly agreed to exert extra pressure on North Korea. South Korea’s presidential office spokesman Park Soo-hyun said on Sunday that Moon and Trump had in a Sunday telephone conversation strongly condemned the latest missile launch by North Korea and agreed to work with […]

TEHRAN – South Korea’s imports of Iranian crude oil rose by 40.2 percent in August compared to the same period last year, a report said. South Korea brought in 1.55 million tons of Iranian crude last month, or 365,641 barrels per day (bpd), compared with 1.1 million tons in the same month in 2016, customs […]