Latest news about South Korea-Iran relations – The latest news and views about bilateral relations between Iran and South Korea
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Iran’s Ministry of Foreign Affairs says the country is filing lawsuits against “delinquent” South Korean banks which have seized Iran’s money.
An Iranian lawmaker says Seoul’s move to block Tehran's assets would not go unanswered, and Tehran may reconsider its trade relations with South Korea.
President of Iran Hassan Rouhani says diplomatic and economic officials have launched a push to free the country’s foreign currency assets in the other countries in order to reduce susceptibility to any currency market volatility.
The spokesperson for the Iranian administration has called on South Korea to unblock the petrodollars it owes to Iran, currently frozen in the Korean banks.
A senior economic analyst believes the current disruption to bilateral trade between Iran and South Korea is temporary, and there is reason to be optimistic about future economic ties.
Tehran has censured South Korea for misnaming the Persian Gulf and sending a military mission to the waters south of Iran under pressure from the United States.
An Iranian knowledge-based company has begun exporting nanofibre masks to three foreign countries.
South Korea’s Samsung Electronics has denied reports that it was withdrawing from the Iranian market in the face of US sanctions, London-based bne IntelliNews says.
The Chairman of Iran-South Korea Joint Chamber of Commerce says following the cutback in economic relations between Tehran and Seoul due to US sanctions, many small or medium-sized companies (SMEs) that had ties with Iran have gone almost bankrupt.