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Iran talks exports to South Korea, using its frozen assets on meds

Business Materials 27 July 2022 17:47 (UTC +04:00)
Iran talks exports to South Korea, using its frozen assets on meds

TEHRAN, Iran, July 27. Iran's export to South Korea in the first three months of the current Iranian year (started March 21,2022) was valued at $16 million, secretary of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi told Trend.

Meanwhile, Iran's imports from South Korea reached $164 million.

Trade volume between the two countries was $643 million last Iranian year (started March 21,2021) that included $82 million worth of exports from Iran and $601 million worth of imports from South Korea, Firouzi said.

He stressed that a very small part of Iran's frozen assets in South Korean banks has been unblocked and it was spent on import of medicine and medical equipment.

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