South Korean and Iranian private sector companies signed 10 memoranda of understanding on technology transfer on Sunday.
The agreements were signed in Tehran during the second meeting of Iran-South Korea Small and Medium-Sized Enterprises Technology Matching Conference, which brought together 40 Iranian industrial SMEs and nine Korean companies active in a wide range of fields mainly including auto parts manufacturing, fishing industry and marine environment, apiculture, bio-fertilizer, casting, oil and gas, Iran Small Industries and Industrial Parks Organization website reported,
South Korea is one of Iran’s top five trading partners. Iran exported $2.87 billion worth of goods and imported $3.46 billion to and from the Asian country in the last Iranian year (March 2016-17), the Islamic Republic of Iran Customs Administration reported.
South Korea imports 6.5% of Iran’s total non-oil exports.
Back in April, private companies of the two countries signed 16 MoUs for transferring technology during Iranian delegation's travel to South Korea.
