Economy, Domestic Economy

S. Korea to Promote Iran Trade

S. Korea to Promote Iran TradeS. Korea to Promote Iran Trade

South Korea’s trade promotion agency says it plans to help enterprises make forays into Iran, in view of the forthcoming easing of economic sanctions on the country. “Big opportunities are coming to Iran, with markets that were once closed due to the sanctions opening up all at once,” Jeohong Kim, president of Korea Trade-Investment Promotion Agency, known as Kotra, told The Nikkei in an interview. South Korean companies are actively seeking opportunities in Iran, expecting a gradual lifting of western sanctions following the July 14 nuclear agreement, according to the world’s biggest financial newspaper.  The agency has established a support center for investors to provide information and offer other services, it added.