S. Korean Delegation to Visit Tehran for Economic Talks

News ID: 1036580 Service: Economy
ایران کره جنوبی

TEHRAN (Tasnim) – Tehran and Seoul will hold working level talks in the Iranian capital next week in a bid to exchange views on the promotion of economic ties between the two nations, a report said.

According to a report carried by Yonhap news agency on Wednesday, the fourth round of director-general level talks between the two countries will take place next Wednesday as South Korea is willing to seek further business opportunities in the Islamic Republic following the removal of anti-Tehran sanctions.

Back in January, South Korea’s finance ministry described Iran as “bonus” to the East Asian country’s economy, adding a business center had been opened in Seoul to support local firms’ exports to Iran.

"The Iranian market will be a bonus to the South Korean economy when our companies make good use of it," Choi Sang-mok said.

Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal on July 14, 2015 and started implementing it on January 16.

The comprehensive nuclear deal, known as JCPOA, terminated all nuclear-related sanctions imposed on Iran.

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