Iran, South Korea ink documents to enhance bilateral ties
Baku, Azerbaijan, May 2
By Fatih Karimov - Trend:
Iranian and South Korean officials signed 19 memorandums of understanding (MOUs) on the sidelines of a meeting between Iran's President Hassan Rouhani and South Korean President Park Geun-hye May 2, Iran's state-run IRINN TV reported.
The signed documents envisages cooperation in various fields including oil, gas and petrochemical, energy, transport, technology, insurance and banking, health as well as custom, legal and cultural issues.
The South Korean president is heading a large business delegation of over 230 executives during the three-day visit to Iran.
Iran-South Korea trade turnover stood at $6.1 billion in 2015. The figure was $17.4 in 2011, Before Western countries imposed sanctions against Iran.
South Korea is among the largest importers of Iranian oil.