Iran traded 2.28 million tons of non-oil commodities worth $2.68 billion with South Korea during the first nine months of the current fiscal year (March 21-Dec. 21). This marks a 73.26% and 54.…
Iran-South Korea Relations
South Korean President Moon Jae-in highlighted the historical Tehran-Seoul relationship, describing Iran as an “important” and “reliable” partner. He made the remarks during a ceremony to…
The contract between South Korea’s Hyundai Rotem and the Islamic Republic of Iran Railways for the production of suburban railbus wagons has not been terminated and is still in place.
The First Joint Conference on Korea-Iran Business Opportunities was held at the Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Tuesday.
An economic delegation from South Korea discussed investment opportunities with the economic officials of the southern Bushehr Province on Sunday.
Not purchasing any oil from Iran for four consecutive months was not Seoul’s choice, it was indeed part of a strategy “premised on sagacity” to be able to win waivers from the United…
South Korea says it has reached a deal with Iran to use local currencies in mutual trade between the two countries instead of the US dollar.
A joint conference between the cooperative chambers of Iran and South Korea was held in Tehran on Monday with the aim of fostering educational ties and boosting trade.
Hyundai Engineering & Construction Company announced on Monday that it has scrapped a $520 million deal with Iran's Ahdaf Investment Company to build the second phase of Kangan Petro…
Iran’s new ambassador in Seoul says there is a “comprehensive plan” aimed at expansion of bilateral ties with South Korea despite the reimposition of US sanctions. "The plan would address…
Following the approval of a measure by lawmakers that allows Iran to formally join the UN treaty for combating the financing of terrorism earlier this week, Iranian residents in South Korea can…
Iran traded 2.04 million tons of non-oil commodities worth $2.08 billion with South Korea during the first five months of the current fiscal year (March 21-Aug. 22), registering a 54.97% and 34.…
A part of banking hurdles facing Iranian citizens in South Korea have been resolved, as Woori Bank officials reassured that they are ready to “offer all banking services” to Iranian citizens…
Director General of Iran Small Industries and Industrial Parks Organization Sadeq Najafi and South Korea’s Deputy Minister of SMEs and Startups Choi Su-gyu signed a memorandum of understanding…
South Korea’s leading tobacco seller KT&G is watching the Iran market where sales of its brands were slowing down this year after US reimposed sanctions against the Middle East nation,…
Iran traded 1.93 million tons of non-oil commodities worth $1.8 billion with South Korea during the first four months of the current fiscal year (March 21-July 22), registering a 48.19% and 26.…
The South Korean government held an inter-agency meeting on Friday to explore ways of minimizing local business impact from the US decision to exit the 2015 nuclear deal with Iran.
Iran’s non-oil trade with South Korea in the last fiscal year (ended March 20) stood at $8.09 billion, registering an increase of 27.77% compared to the year before. South Korea was Iran’s third…
Iran exported more than $3.03 billion worth of goods to South Korea during the nine months to Dec. 21, 2017, registering a 36% and 30% growth respectively compared with the corresponding period…
Managing Director of the Islamic Republic of Iran Shipping Lines Mohammad Saeedi said on Saturday the first of 10 new ships ordered by his company from Hyundai Heavy Industries will be delivered…
Iranian and South Korean private companies signed 22 memorandums of understanding late on Sunday at Tehran’s Milad Tower for the South Korean side to transfer technology to Iran in the fields of…
South Korean rolling stock manufacturer Hyundai Rotem signed a contract worth €720 million with the Islamic Republic of Iran Railways on Saturday to produce 450 suburban railbus wagons in Iran…
The South Korean ambassador to Iran said Seoul is shifting focus from trade to investment in Iran.
Kim Seung-ho also told Mehr News Agency in an interview that Seoul is looking beyond…
South Korea was Iran's fourth biggest export destination (after China, Iraq, the UAE) and also the fourth biggest exporter to Iran (after China, the UAE and Turkey) during the seven months to…
Iran is in dire need of foreign finance after years of hard-hitting sanctions and more than glad to wrap up deals worth $40 billion negotiated or agreed upon in the post-sanctions era.