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 ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus