Economy, Domestic Economy

S. Koreans Tour Shahid Rajaie Port

S. Koreans Tour Shahid Rajaie PortS. Koreans Tour Shahid Rajaie Port

Investment in Shahid Rajaie Port was at the core of talks in a meeting between two executive managers of South Korea’s Hyundai Glovis shipping group and director general of Hormozgan Ports and Maritime Department, Ebrahim Idani, in the southern Iranian city of Bandar Abbas, the capital of Hormozgan Province last week.  “Iran is ready to discuss investment proposals in the country’s biggest container port from East Asian countries, particularly South Korea,” IRNA quoted Iranian official as saying.  Hyundai Glovis is a global logistics company and a part of the Hyundai Kia Automotive Group headquartered in Seoul, South Korea. Though relatively young, it has grown rapidly since its establishment in 2001 and has entered the shipping industry in 2010. Hyundai Glovis shipping group has its own fleet of car carriers and bulk carriers.