South Korea to construct shipyard in Iran

Daewoo Shipbuilding and Marine Engineering Company said it has signed an agreement with an Iranian state-run agency to cooperate in the development of a shipyard in Iran. According to a report by Yonhap News Agency on Thursday, the South Korean company has signed the deal with the Industrial Development and…

South Korea ready for environmental cooperation with Isfahan

South Korea is keen for cooperation with Iran’s Isfahan province on environment protection issues, a senior South Korean parliamentarian said. In a meeting with Governor General of Isfahan province Rasoul Zargar Saturday evenin, Yung Pio Hung who is the chairman of the environment and labor committee of the South Korean…

Iran, South Korea to develop IT cooperation

Iran and South Korea have signed a memorandum of understanding to develop cooperation on information technology and communication. The MoU was signed by South Korean Minister of Science, ICT and Future Planning Choi Yang-hee and Iranian Minister of Communication and Information Technology Mahmoud Vaezi on Wednesday. The two countries signed…

Call for expansion of South Korea-Iran economic ties

South Korean businessmen are keen on expanding economic relations with Iran thanks to Iran’s huge industrial and mineral capacities, South Korean Ambassador to Tehran Kim Sung-ho said in this western province on Tuesday. Speaking in a local gathering, the diplomat added Iran is considered as a reliable country for South…

S. Korea opens center to support trade, investment in Iran

South Korea opened a business center on Monday to help local firms expand trade and investment in Iran as part of its efforts to tap deeper into the Middle East country following the lifting of international sanctions, the trade ministry said. Located in southern Seoul, the center will provide information…

Iran’s foreign trade increases in spring

Latest figures by Iran’s customs office show that foreign trade income stood at over $10,472 billion in the first quarter of the Iranian calendar year (started March 20). The Iran’s customs office data released on Tuesday put the volume of foreign trade at 27,780 million tons. The figure also indicated…

S. Korean Bank to Open Representative Office in Iran

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…

Iran, South Korea sign MoU on manufacture of industrial gas equipment

Iran’s National Gas Company and SKTELECOM of South Korea signed a memorandum of understanding on Monday to broaden cooperation for manufacture of gas equipment. Iranian ministry of petroleum signed a huge deal with South Korean oil ministry and companies affiliated to the Iranian ministry in separate meetings singed different deals…

Official: Iran, S. Korea capital markets connected

Head of Securities and Exchange Organization reported of forming special workgroups to connect Iranian capital markets to South Korean ones saying that this connection will be regarded as a big achievement for Iranian market. Mohammad Fatanat told IRNA on Monday that Iranian capital market delegation’s recent trip to Seoul aimed…

S. Korean big trade delegation due in Tehran

A 300-member trade delegation from South Korea is due to visit the Iranian capital over the weekend, according to Kazem Soltan-Ahmadi, Iran’s cultural attaché in Seoul. Speaking to IRNA, Soltan-Ahmadi said that the South Korean delegation is to visit Iran for the 11th Iran-South Korea Joint Economic Commission. Iran-South Korea…