South Korea to Help Develop Iran’s Capital Market
TEHRAN (Tasnim) – South Korea’s Vice Chairman of Financial Services Commission Jeong Eun-bo said Seoul plans to help Iran develop its capital market.
Bilateral cooperation between Iran and South Korea has gained momentum following the removal of anti-Tehran sanctions, Jeong said, Yonhap news agency reported on Tuesday.
He made the remarks in a recent meeting with Shapour Mohammadi, head of Iran's Securities and Exchange Organization, in Seoul.
The South Korean official added that his country will support the Islamic Republic in the development of its capital market.
Iran and South Korea signed 19 cooperation agreements back in May, pledging to increase their annual trade by three times. The current bilateral trade amounts to around $6 billion.
There has been a new wave of interest in ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal in July 2015 and started implementing it on January 16.
The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.
