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Iran, Samsung discuss investment, joint production

TEHRAN (ISNA)- Iranian Minister of Communications and Information Technology Mahmoud Vaezi who is in South Korea met with Samsung Electronic President Jong-Kyun Shin .

“Considering vast market of Iran and neighboring states, grounds have been provided for investment and joint production of new technologies in ICT field as well as establishing research and development centers,” Vaezi said in the meeting.

Vaezi also referred to post-JCPOA climate and called for South Korean firms’ active cooperation in transfer of advanced technology and communications infrastructure.

He also said that Iran is after cooperation in the form of investment and joint production.

Jong-Kyun Shin, for his part, said Samsung is trying to benefit other countries from its technological achievements.

“We are ready to introduce our technological achievements to the Islamic Republic of Ian,” he said.

The two sides discussed framework of initial cooperation and potential of Iranian market. They also reached preliminary agreements as well.