TEHRAN, Iran, July 26
Trend:
South Korea has released part of Iran's blocked assets, head of Iran and South Korea Chamber of Commerce Hossein Tanhaie told Trend.
"Our request was that the first batch of the released assets would be in cash, and the second one - in the form of medical equipment, spare parts and machinery," he said.
"South Koreans are very interested [to return to Iran's market] and even now different delegations are coming to Iran. They are interested in working with Iran," said Tanhaie.
"In case if sanctions are lifted, we do not intend to import commodities from South Korea and mostly interested in importing industrial equipment," he said.
"We want to import commodity and equipment to deepen the local production," he said.
The official went on to add that Iran looks to invest in South Korean brands in the field of machinery and industrial equipment and transferring technology.
"When foreign brands come to Iran for joint production, it would be very effective in terms of quality, and export would improve after Iran's domestic needs are fulfilled," he said.