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.
Iranian President's Chief of Staff Mahmoud Vaezi has called on South Korea to unfreeze Iran’s financial resources and avoid sacrificing its interests in Iran for the US demands.
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.
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.
South Korean Foreign Minister Kang Kyung-wha has expressed her country’s willingness to maintain its friendly relations with the Islamic Republic of Iran despite the anti-Iran pressures.
South Korean President Moon Jae-in has hailed the historical relations between Seoul and Tehran saying that his country attaches significant importance to Iran as a reliable partner.
Iranian Foreign Minister Mohammad Javad Zarif on Thursday held separate meetings with his counterparts from a number of countries on the sidelines of the UN General Assembly in New York.
Iranian nanotechnology firms held their first meeting with South Korean companies this week in a bid to explore grounds for cooperation and commercialisation of products.
In recent years, South Korea has shown its interest in developing the Zurkhaneh (Pahlavani) sports through the management of the issues related to this original Iranian sport across the Asian continent.
The PyeongChang Organizing Committee for the 2018 Olympic Winter Games has extended official apology to Iranian olympians over its decision to exclude them from Samsung Electronics’ welcoming pack.
Iran has urged the Samsung Electronics to immediately apologize over its decision to deny Iranian athletes the free smartphones given as a gift to all Olympics athletes, otherwise the country may ban the import of all Samsung phones.
The South Korean ambassador has been summoned to the Iranian foreign ministry over Samsung’s “immoral” decision to exclude Iranian athletes at the 2018 Olympic Winter Games from receiving its special gift under the pretext of international sanctions on Tehran.
Iran’s Foreign Ministry Spokesman Bahram Qassemi has offered deep condolences over the deaths and injuries of dozens of sick and elderly people as a result of a fire in a hospital in South Korea.
Iran’s Deputy Minister of Roads and Urban Development says South Korea and Germany will provide funds for the development of electric trains in the Islamic Republic.
