S Korean industries official to visit Iran

South Korea’s Minister of Foreign Affairs Yun Byung-se said on Tuesday that the country’s Vice Finance Minister Joo Hyung Hwan is to pay a visit to Iran next month. During the visit which is taking place with the objective of promoting bilateral relations, he will be leading a ranking delegation…

Exim Bank mulls rating upgrade for Iran

South Korea’s state-run trade bank said Sunday it will consider raising its sovereign credit rating for Iran by one notch following the international community’s lifting of sanctions against Tehran. The United States and the European Union lifted their economic sanctions against Iran over the country’s nuclear program on Saturday in…

S Korea KEXIM bank eyes 5b euro financing deal with Iran

The state-run Export-Import Bank of Korea (KEXIM) said on Tuesday it plans to sign an agreement with Central Bank of Iran on providing up to about 5 billion euros in financing for South Korean companies doing business there. The specialist trade financing bank said in a statement it plans to…