South Korean firms to stay in Iran despite US sanctions: Envoy
South Korean Ambassador to Tehran Ryu Jeong-hyun says companies in his country understand the significance of the Iranian market and will not leave it under the US sanctions.
According to Press TV, the Korean diplomat made the remarks in a Wednesday meeting with Bahman Abdollahi, the Head of the Iran Chamber of Cooperatives, in Tehran.
“Many European companies are leaving Iran, but [South] Korean firms have declared they will stay in Iran,” he said, adding that Korean companies understand how important it is to be present in the Iranian market.
“Our ties are currently influenced by the US sanctions…, but the fact that cooperatives are exempted from these bans gives South Korea a very good opportunity,” the Korean diplomat said.
He also hailed the strategic and significant position of Iran in the region, and underlined that relations between Tehran and Seoul are far beyond bilateral trade.
The Iranian official, in turn, said the Islamic Republic expects South Korea as one of its key business partners to continue its operation in Iran in the situation created by the US sanctions.