Iran and South Korea

South Korea agrees to partially unfreeze Iran's assets

After weeks of intense negotiations, Iran and South Korea reached an agreement Monday to unfreeze $1 billion of Iranian assets in Korean banks. Governor of Iran’s Central Bank Abdolnasser Hemmat met in Tehran with South Korean …

Iran secures 8-bln euro loan from South Korea

Iran has secured an eight-billion euro credit line from South Korea’s Eximbank, the Iranian central bank governor Valiollah Seif said. "The biggest contract since the atomic accord was signed with South …

 South Korea unblock large part of Iran's assets

Secretary of the Association of Petrochemical Industry Corporation (APIC), Ahmad Mahdavi Abhari, said that South Korea has unblocked a large part of Iran's frozen assets. He reminded that Iran had exported …

South Korea to restore air traffic with Iran

The South Korean government has decided to restore direct air communication with Iran.  The Ministry of Land, Infrastructure and Transport said it will give a flight license to Korean Air Lines to ferry passengers and air freight …

Tehran and Seoul to use won-based settlement system

Iran and South Korea have agreed to use the won-based mutual business system, the Yonhap news agency reports. This was the result of negotiations between officials from the finance and foreign ministries, as well as central …