Coinciding with the visit of South Korean President to Iran, the first representative office of the South Korean Woori Bank was opened with the presence of Mr. Kamyab, the vice-governor for Foreign Exchange Affairs in the Central Bank of Iran (CBI).

This is the first time that a South Korean bank has opened an office in Iran.

Mr. Kamyab said:

“Iran and South Korea have an extended historical bond and there are a lot of cultural similarities.

“With sanctions lifted, certainly more steps will be taken in order to develop more partnerships.”