Speaking to reporters on Wednesday, Hemmati elaborated on the agreement between Iran and South Korea on the transfer of Iran’s assets, saying Korea has called for negotiations.

If South Korea does not pay Iran’s debt, Iran will initiate proceedings with international justice, he said.

He hailed the current atmosphere, saying extensive talks have been held with Oman, Japan, Iraq, and South Korea

Earlier, in an interview with Bloomberg held in January, Hemmati said South Korean officials promise to release Iranian assets but take no practical steps to pay arrears to Iran because of US sanctions.

last Monday,  The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati met with the South Korean Ambassador to Tehran Ryu Jeong-Hyun to discuss the details regarding the transfer of Iranian frozen assets in the Asian country.

In the meeting with Choi, Hemmati called on the South Korean government to take an independent approach towards the issue of releasing Iran’s resources in the country, saying: “Seven billion dollars belonging to the Iranian nation has been blocked in South Korean banks for more than two years, this is unacceptable and Iran definitely will not be indifferent towards this issue.”

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