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

Business Materials 27 July 2022 17:47 (UTC +04:00)

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.