S. Korean firms to develop production lines in Iran

EghtesadOnline: An Iranian trade official said that two leading South Korean home appliance companies are going to develop their production lines in Iran.

News ID: ۷۶۸۸۱۹

14 August 2016

Two South Korean brands, including washing machine and refrigerator are to be developed in Iran, said Reza Rahmani, who is Iranian Deputy Minister of Industry, Mine and Trade.

He said one of the companies opened TV production line in Iran last week, reports ISNA.

He continued foreign auto-makers could work in Iran in case 30 percent of their products in Iran is exported.

Rahmani continued that Iran wants foreign carmakers to make investment in Iran besides their activities in the country.