Korea Banks Prepare for Iran Business
Economy, Business And Markets

Korea Banks Prepare for Iran Business

An official at KB Kookmin Bank said they are negotiating with major banks in Iran in order to be ready, just in case they will be able to do trade with Iranian counterparts using the yen or the euro. “We have also established a new team that will specifically work on the two countries’ trade-related issues,” the official said, Korea JoongAng Daily reported.  Moreover, the Korean government announced that it will do its best to help local companies and financiers enjoy doing business in Iran. Korean President, Park Geun-hye is in Iran accompanied by a large trade delegation.  “Major sanctions targeting Iran were lifted more than three months ago,” Choi Sang-mok, a vice finance minister, said at a meeting held with major companies and financiers. “But Korean companies entering the new market are not doing as well as they had expected.”

Short URL : http://goo.gl/6rLYnP
  1. http://goo.gl/O9CEcp
  • http://goo.gl/jimCJL
  • http://goo.gl/OHpBm2
  • http://goo.gl/U59oMo
  • http://goo.gl/fjHVw4

You can also read ...

Asian and European economic support for Iran offers the potential to improve existing alternative international trade links and develop new links.
While American President Donald Trump has withdrawn from the...
Uber Chief Product Officer to Leave
Uber Technologies Chief Product Officer Jeff Holden is leaving...
Tesla Model 3
Elon Musk’s Model 3, once touted as Tesla’s $35,000 car for...
1st USD Rate Hike After Unification
For the first time after the government decided to unify the...
The number of foreign students enrolled in Iranian universities increased by 19% in the last Iranian year (ended March 20, 2018) compared to the year before.
Currently, some 55,000 foreign students are studying in...
Iranians’ per capita honey consumption is 1 kilogram per year, while it is around 200 grams in other countries.
Iran has made noticeable progress in honey production, as it...
Efforts Underway to Unblock Iranian Accounts in Georgia
Efforts are underway to unblock some bank accounts belonging...
Transport MoU With Greece
Iran and Greece have signed a memorandum of understanding to...