South Korea’s new Ambassador to Tehran Yun Kang-hyeon has said Iran’s frozen oil money in his country will be used to pay off Korean companies that had previously exported basic commodities to Iran.
New South Korea’s Ambassador to Tehran Yun Kanghyeon in meeting with head of Tehran Chamber of Commerce Mr. Masoud Khansari said major South Korean companies are waiting for Iran’s deal with the West to resume cooperation with Tehran.
In an interview with the Fars news agency on Saturday, MP Hossein Ali Haji Deligani said an unfreezing of Iranian assets is achieved when the control of these assets is in the hands of the Islamic Republic, not when these assets are released and given to South Korea and Japan.
Iranian funds in South Korea are used to settle Tehran’s debts to 40 companies in the country.
Head of Iran-South Korea Chamber of Commerce says Iran and South Korea have begun talks on bartering $8.5 blocked Iranian assets in South Korea with COVID-19 vaccines and other commodities.
Iran’s market is not like two years ago and if South Korea is eager to resume cooperation with Iran, it should change its approach to Iran’s market.
South Korea's Ambassador to Tehran Ryu Jeong-Hyun announced here on Monday that his country spares no effort to remove obstacles on trade exchange with Iran.
Head of Iran-South Korea Chamber of Commerce says the chamber is still working on unblocking Iran’s frozen assets in South Korean banks and it does not mean that the money will be definitely unblocked.
South Korea and Russia will discuss President Vladimir Putin's possible visit to Seoul as soon as the new coronavirus situation normalizes.
A US surveillance aircraft flew over South Korea on Saturday, an aviation tracker said, days after Seoul said North Korea has killed a South Korean official drifting at sea.