South Korea
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Iran, S Korea private sectors urged to expand bilateral ties
Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Samad Hassanzadeh has stressed that the private sectors of Iran and South Korea can help give a boost to trade ties…
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Iran, South Korea to Discuss Frozen Assets
EghtesadOnline: South Korea and Iran plan to hold working-level consultations next month in Seoul to discuss ways to untangle yearslong disputes over Tehran's assets frozen here under US sanctions,…
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CBI Disparages Currency Friction With South Korea
EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati says the bank’s foreign exchange policy has been crafted without taking into account billions of assets blocked overseas.…
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South Korea Says Talking With US About Iran’s Frozen Assets
EghtesadOnline: South Korea is finalizing talks with the United States about using some of Iran's money frozen in Seoul under US sanctions to pay Tehran's UN dues in arrears, a South Korean Foreign…
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South Korea to Send Delegation to Iran for Talks on Release of Tanker
EghtesadOnline: Seoul said it will soon dispatch a diplomatic team to Tehran for talks over the seizure of its tanker by Iran over environmental violations.
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Humanitarian Trade Talks With Seoul
EghtesadOnline: South Korea is seeking to sell medicine and medical equipment in lieu of its arrears to Iran blocked in the south eastern country’s banks, head of Iran-South Korea Joint Chamber…
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CBI Reprimands South Korea for Illegally Withholding $7 Billion
EghtesadOnline: Iran is escalating its pressure on South Korea to release billions of dollars of oil-export revenue, arguing that Seoul is buckling to pressure from its US ally and illegally…
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India Suspends Visas for Iran, 4 Other Countries
EghtesadOnline: India has suspended all visas granted to foreign nationals of Italy, Iran, South Korea and Japan in the wake of three people, including a tourist, testing positive for COVID-19.
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Samsung's Jailed Board Chairman Quits
EghtesadOnline: Samsung Electronics’ board chairman, Lee Sang-hoon, who was convicted and jailed for sabotaging union activities, has resigned from the South Korean company, it said on Friday.
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South Korea in Talks With US to Resume Humanitarian Exports to Iran
EghtesadOnline: South Korea is in talks with the United States over Iran's call for Seoul to resume exports of humanitarian goods to Tehran, after tougher US sanctions virtually halted such trade.
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Iran football federation nominated for best inspiring federation of world
EghtesadOnline: Iranian Football Federation has been nominated for the best inspiring federation of the world in a competition with Japan and South Korea.
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Pharmaceutical Imports From South Korea Halt
EghtesaadOnline: Exports of pharmaceutical and their raw materials from South Korea to Iran have come to a halt, according to Gholamhossein Mehralian, an official with Iran Food and Drug Administratio…
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South Korea to Drop Japan From Fast-Track Trade Whitelist
EghtesadOnline: In an apparent tit-for-tat move, South Korea said Monday it will remove Japan from its "whitelist" of trusted trade partners, an act that risks further exacerbating tensions between…
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South Korea Looks Forward to Normalization of Mutual Humanitarian Trade
EghtesadOnline: A senior South Korean diplomat, who has been engaged in talks with the United States over Iran sanctions, said Seoul is hopeful that humanitarian trade with Tehran will come back…
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Seoul Asks Washington to Consider Exporters' Woes
EghtesadOnline: South Korea's finance minister has called for positive US consideration in resolving difficulties facing smaller South Korean companies due to US sanctions on Iran, the finance…
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CBI Chief Holds Talks in Seoul
EghtesadOnline: Heads of the central banks of South Korea and Iran met in Seoul to discuss banking hurdles between the two sides and find workable solutions.
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South Korea Determined to Maintain Mutual Ties
EghtesadOnline: South Korea will continue its negotiations with Washington to receive exemptions from US sanctions against Iran as ties with Tehran, particularly in the energy sector, are crucial…
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EIA: South Korea Overtakes China as No. 2 Buyer of US Oil
EghtesadOnline: South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December…
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US, South Korea Discuss Iran Oil Issues
EghtesadOnline: A top US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday,…
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South Korea Resumes Iran Oil Import
EghtesadOnline: South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
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Iran Oil Export Revenues Will Help Buttress Forex Supply: CB Chief
EghtesadOnline: Governor of the Central Bank of Iran said at the weekend Japan has resumed importing Iranian oil after China, South Korea, India and Turkey.
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South Korea, Iran to Trade in Local Currencies
EghtesadOnline: South Korea says it has reached a deal with Iran to use local currencies in mutual trade between the two countries instead of the US dollar.
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Iran, South Korea Cooperative Chambers Convene in Tehran
EghtesadOnline: A joint conference between the cooperative chambers of Iran and South Korea was held in Tehran on Monday with the aim of fostering educational ties and boosting trade.
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Iran's Banking Problems With South Korea Resolved
EghtesadOnline: Following the approval of a measure by lawmakers that allows Iran to formally join the UN treaty for combating the financing of terrorism earlier this week, Iranian residents…
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Iran Signs MoU With South Korea to Develop SMEs
EghtesadOnline: Director General of Iran Small Industries and Industrial Parks Organization Sadeq Najafi and South Korea’s Deputy Minister of SMEs and Startups Choi Su-gyu signed a memorandum…
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Sanctions Clouding S. Korean Cigarette Sales in Iran
EghtesadOnline: South Korea’s leading tobacco seller KT&G is watching the Iran market where sales of its brands were slowing down this year after US reimposed sanctions against the Middle East…
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Seoul Worries Over Condensate Supplies
EghtedafOnline: South Korea is seeking a sanctions waiver from the US to continue importing Iranian condensate, saying that it is hard to find alternative sources due to limited suppliers, a…
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S. Korea Iran Crude Imports Up 15%
EghtesadOnline: South Korea’s imports of Iranian crude rose around 15% in July from a month earlier. South Korea shipped in 788,651 ton of crude oil from Iran last month, or 186,478 barrels per…
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Iran's Non-Oil Trade With S. Korea Dips
EghtesadOnline: Iran traded 1.93 million tons of non-oil commodities worth $1.8 billion with South Korea during the first four months of the current fiscal year (March 21-July 22), registering…
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South Korea Imports 41% Less Fuel From Iran
EghtesadOnline: South Korea's crude oil imports from Iran dropped 41% year-on-year in June ahead of the reimposition of US sanctions on the Middle Eastern country, while intakes from Kazakhstan…