Iran-South Korea Relations
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February 04,2022Seoul and Tehran are reportedly mulling holding the first working-level meeting this month to resolve issues regarding Iran's assets frozen in South Korean banks due to the 2018 US economic... -
January 30,2022South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle yearslong disputes over Tehran's assets frozen here under US sanctions, an informed...
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March 13,2021Governor of the Central Bank of Iran Abdolnasser Hemmati says the bank’s foreign exchange policy has been crafted without taking into account billions of assets blocked overseas. He was...
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February 24,2021Iranian assets locked in South Korea will be released after consultations with the United States, the foreign ministry in Seoul said Tuesday, after Iran said it had reached a deal with Seoul on how...
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February 22,2021Iran and South Korea have reached an agreement on using "a part" of Iran’s foreign currency assets frozen in the Asian country. The agreement was reached in a meeting between the governor of...
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January 19,2021South Korean banks wary of US sanctions are holding tight to billions of dollars in Iranian money, apparently unwilling or unable to budge before Joe Biden assumes office as the next president of...
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January 11,2021The Central Bank of Iran demanded Monday South Korea release billions of its foreign exchange assets blocked in that country. South Korea’s First Vice Foreign Minister Choi Jong-kun arrived in...
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January 10,2021South Korea’s First Vice Foreign Minister Choi Jong-kun left for Iran on Sunday to reportedly negotiate the release of the South Korean oil tanker and its crew seized by Iranian authorities last...
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January 05,2021Seoul said it will soon dispatch a diplomatic team to Tehran for talks over the seizure of its tanker by Iran over environmental violations.
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January 06,2021Seoul said it will soon dispatch a diplomatic team to Tehran for talks over the seizure of its tanker by Iran over environmental violations.
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August 23,2020South Korea is seeking to sell medicine and medical equipment in lieu of its arrears to Iran blocked in the south eastern country’s banks, head of Iran-South Korea Joint Chamber of Commerce said...
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August 05,2020Ambassador of the Republic of Korea to Tehran Ryu Jeong-hyun has explained the mechanisms established by Seoul for conducting humanitarian trade with Iran amid the United States’ sanctions. “...
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June 10,2020Iran is escalating its pressure on South Korea to release billions of dollars of oil-export revenue, arguing that Seoul is buckling to pressure from its US ally and illegally withholding funds...
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April 21,2020Industrial Bank of Korea, one of South Korea’s largest banks, will pay $86 million to settle US and New York state criminal and civil charges it allowed an illegal transfer of more than $1 billion...
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October 16,2019Exports of pharmaceutical and their raw materials from South Korea to Iran have come to a halt, according to Gholamhossein Mehralian, an official with Iran Food and Drug Administration
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July 05,2019The Seoul Metropolitan Government, widely acclaimed as a success story in implementing e-governance and now a leading force behind promoting the concept of smart city, is eager to join hands with...
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July 09,2019A senior South Korean diplomat, who has been engaged in talks with the United States over Iran sanctions, said Seoul is hopeful that humanitarian trade with Tehran will come back on track in the...
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July 05,2019The Seoul Metropolitan Government, widely acclaimed as a success story in implementing e-governance and now a leading force behind promoting the concept of smart city, is eager to join hands with...
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June 26,2019Iran traded 511,565 tons of non-oil commodities worth $315.41 million with South Korea during the first Iranian month (March 21-April 20), registering a 19.8% rise in tonnage and a 8.84% decline in...
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June 07,2019Heads of the central banks of South Korea and Iran met in Seoul to discuss banking hurdles between the two sides and find workable solutions. In meetings with South Korean officials, the governor...
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May 29,2019In a meeting with South Korean Ambassador Ryu Jeong-hyun, the governor of the Central Bank of Iran faulted banks in that country for blocking Iranian assets and creating financial difficulties for...
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May 27,2019Despite the South Korean government’s interest in maintaining normal trade ties with Iran, banks in that country refuse to process Iranian transactions, the general secretary of Iran-Korea Chamber...
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May 07,2019Two South Korean banks have stopped offering services for trade with Iran in line with US economic sanctions, industry sources told Yonhap news agency Tuesday.
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April 30,2019Iran traded 5.64 million tons of non-oil commodities worth $4.61 billion with South Korea in the last fiscal year (ended March 20, 2019), registering a 51.05% and 43.03% decline in tonnage and...
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April 21,2019Iran traded 4.15 million tons of non-oil commodities worth $3.76 billion with South Korea during the 11 months to Feb. 19, registering a 60.1% and 48.01% decline in tonnage and value respectively...
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