57848
S. Korea Collects Iran Export Receivables
S. Korea Collects Iran Export Receivables

S. Korea Collects Iran Export Receivables

S. Korea Collects Iran Export Receivables

The Korea Trade Insurance Corporation announced on January 19 that it succeeded in collecting €97 million for the MAPNA project in Iran. In the power plant construction project, Doosan Heavy Industries signed two waste heat recovery boiler export contracts worth €230 million for the construction of a combined cycle power plant in the vicinity of Iran Power Development Company. The Korea Trade Insurance Corporation provided long-term export insurance in 2004 and 2007 to that end. Korea Trade Insurance Corporation had to pay insurance benefits due to the outstanding principal and interest that resulted from US economic sanctions on Iran, Businesskorea reported. “The collection of the money is meaningful in that it constitutes a part of the tangible accomplishment of economic cooperation between South Korea and Iran after the lifting of the economic sanctions,” said the South Korean corporation. “We achieved a win-win relationship with Iran by providing new financial assistance while collecting the money.”

Short URL : https://goo.gl/qrCpor
  1. https://goo.gl/Ua2RTb
  • https://goo.gl/uIMjVW
  • https://goo.gl/O6r2sX
  • https://goo.gl/TuYJOR
  • https://goo.gl/U9BgqR

You can also read ...

The Airbus A320 family accounts for most of the narrow-body jets Iranian airlines have ordered in the past two years
Iranian airlines are placing massive orders for short- to...
Proposed Industries Minister Vows to Reform Forex, Bank Interest Rates
Mohammad Shariatmadari, industries, mining and trade minister-...
MANN+HUMMEL Opens Tehran Office
German manufacturing company and leading global filtration...
Foreign Investment to Help Remedy Recession, Inflation
Iranian President Hassan Rouhani, who is beginning his second...
Carpet Expo to Open  in Tehran
Tehran will host the 26th Iran Handmade Carpet Exhibition from...
Auto Parts Makers Visit Pakistan
Iran’s commercial attaché  in Islamabad led an economic...
Bank Refah to Boost Capital by $2.1b
Iran’s Bank Refah, affiliated with the Social Security...
Abbas Akhoundi reiterated his criticism of the controversial Mehr housing project in parliament.
Minister of Roads and Urban Development Abbas Akhoundi,...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus