21452
Korea Eximbank to Invest in Iran
Economy, Business And Markets

Korea Eximbank to Invest in Iran

South Korea’s export credit agency pledged on Thursday to provide financial support to domestic firms trying to secure business in Iran, as industrial countries jockey to enter the market after the nuclear deal, Reuters reported. The Export-Import Bank of Korea (Korea Eximbank) said in a statement it could offer project financing, loans and credit, and was also seeking to secure a memorandum of understanding with Tehran on building 10 hospitals in the country. “We can use our previous financial networks and experience lending and providing credits for major projects and effectively support firms entering the Iranian market,” it said in the statement. South Korea is one of the biggest buyers of Iranian crude and the bank said it could support Korean firms looking to secure a slice of $31 billion of gas and $25 billion of oil projects being offered by Iran this year. Iran is currently South Korea’s third-biggest export market in the Middle East. South Korean steel firm POSCO said on Wednesday that it had been in touch with several Iranian firms on potential business tie-ups.

Short URL : http://goo.gl/NBXCz9

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus