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…

Tehran, Seoul to ink MoUs on oil, gas, petrochemical cooperation

Tehran and Seoul will sign a comprehensive memorandum of understanding (MoU) to boost oil exports and invest in LNG, refinery and petrochemical industry during South Korean president’s visit to Iran. President Park Geun-hye arrived in Tehran Sunday for first time to open new chapter in the two countries’ economic cooperation,…