South Korea's imports of Iranian crude oil more than quadrupled in February from a month ago, nearing a level before US sanctions on Tehran.

Iran national water polo team left Tehran on Tuesday to hold joint training camp practices with South Korea. The Iranian team, headed by Aleksandar Ciric, has been invited to South Korea after glittering performance in the 2018 Asian Games. Iran won its first medal since the 1974 Asian Games after defeating China 16-15 on penalty […]

South Korea has asked the United States for “maximum flexibility” on its request for a waiver to prevent South Korean companies from being affected by renewed U.S. sanctions against Iran, the foreign ministry said. The sanctions against Iranian crude oil exports are set to take effect on Nov. 5 as part of President Donald Trump’s […]

Ambassador of the Republic of Korea to Iran said that his country will continue buying Iran’s oil based on prior agreements. Ryu Jeong-Hyun said that despite US withdrawal from Joint Comprehensive Plan of Action (JCPOA), Republic of Korea keeps on buying oil from Islamic Republic of Iran. He made the remarks in a Sunday meeting […]

Trade ministry in Seoul said Thursday that South Korea will extend financial support for companies affected by reimposed sanctions on Iran and explore business opportunities in alternative markets to minimize fallouts to the local economy. The Ministry of Trade, Industry and Energy convened a meeting with trade promotion agencies and banks, as well as local […]

The two Koreas agreed earlier this week to hold a third meeting between South Korean President Moon Jae-in and North Korean leader Kim Jong-un in September as a rapid diplomatic thaw builds on the peninsula following their first summit in April.South Korean President Moon Jae-in said on Wednesday his visit to Pyongyang next month will […]

South Korea’s imports of Iranian crude rose around 15% in July from a month earlier. South Korea shipped in 788,651 ton of crude oil from Iran last month, or 186,478 barrels per day, customs office data showed on Wednesday, up from 686,849 tons in June, Reuters reported. However, the East Asian country’s intake of Iranian […]

For the next 10 years, South Korea has planned to invest 1.5 trillion won ($1.34 billion) for the development of next-generation semiconductor technology that makes the country a global semiconductor hub. The South Korean government will invest 1.5 trillion won for the next 10 years to support Samsung Electronics and SK Hynix and help with […]

 The Iran men’s national under-20 volleyball team defeated South Korea at the final showdown of the 2018 Asian Men’s U20 Volleyball Championship on Saturday. The Iran men’s national under-20 volleyball team, which marched into the final showdown of the 2018 Asian Men’s U20 Volleyball Championship after it overcame the Thai side in a semifinal fixture, […]

In the wake of the US’ withdrawal from the 2015 nuclear agreement with Iran and moves to resume sanctions against Tehran, Seoul held a second round of talks with Washington seeking a waiver from halting imports of Iranian oil, Yonhap news reported. The Foreign Ministry of Seoul said Friday that a delegation headed by its […]