Spokesman Slams Korean Companies Leaving Iran Due to Sanctions

TEHRAN (Tasnim) – Iranian Foreign Ministry Spokesman Seyed Abbas Mousavi deplored some South Korean companies’ move to leave the Islamic Republic due to the US sanctions, saying Tehran will never forget its friends during tough times.   

Spokesman Slams Korean Companies Leaving Iran Due to Sanctions

Iranians do not forget their true friends during tough times, Mousavi said on his Twitter account on Friday night.

“Some foreign companies, which have left Iran in recent years and months submitting to the US bullying, should know that returning to the Iranian market will be very difficult,” he added

According to trade principles, conserving one’s foothold in a country’s market is harder than entering it, the spokesman said.

In his post, Mousavi also attached a photo of workers removing a banner of the South Korean company Samsung in Iran.

Samsung and its fellow South Korean company LG Electronics - for which Iran has been a key market in the Middle East – reportedly pulled down their last advertisement banners in Iran on Friday.

The two companies had cut their trade relations with Tehran in the past months, submitting to US sanctions imposed on Iran after Washington withdrew from the 2015 Iran nuclear deal in May 2018.

The developments come against the backdrop of increased tensions between Iran and the US with Washington imposing new sanctions against the Islamic Republic.

The US has ratcheted up pressure on Iran since withdrawing from the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

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