South Korea’s new Ambassador to Tehran Yun Kang-hyeon has said Iran’s frozen oil money in his country will be used to pay off Korean companies that had previously exported basic commodities to Iran.
Chairman of Iran-Japan Joint Committee of Commerce says the non-oil trade between Iran and Japan is around $300m despite a good and historic relation between the two countries.
“We are still in the planning stage for the release of Iran’s frozen money in South Korea,” the chairman of the Iran-South Korea joint chamber of commerce told.
Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says Iran’s frozen money in other countries stands at around $40b.
"A portion of Iran’s frozen money in South Korea will return to the country in the form of pharmaceutical and medical products," the chairman of Iran and South Korea's joint chamber of commerce told ILNA.
