Iran's Foreign Ministry announced that the process of releasing billions of dollars from the assets of the Islamic Republic of Iran, which were illegally seized in South Korea by the United States for several years, has started. In a statement issued on Thursday night, the ministry said, Iran has received the necessary assurances regarding Americas ...

Iranian deputy president for legal affairs says the country will spare no legal efforts to force South Korea to release nearly $7 billion worth of Iranian funds that have remained blocked in the country for the past 5 years. With the consideration of the mutual agreement for promotion and protection of investment between the two countries,...

The Iranian administration opened formal legal proceedings against South Korea which has refused to pay off oil debts after all diplomatic efforts. In a letter dated July 22, Iranian President Ebrahim Raisi referred a governmental bill about the financial dispute with South Korea to Speaker of the Parliament Mohammad Baqer Qalibaf. According ...

A spokesman for the United States National Security Council has reportedly claimed that Iran can use $7 billionworth of its blocked funds in South Korea to buy humanitarian items. The spokesman, whose name was not mentioned, told Voice of America on Wednesday that the funds are being held in a restricted account that is accessible for humanitarian ...

rans Deputy Foreign Minister Ali Bagheri Kani says that the only way South Korea can repair its tainted image in Iran is by quickly returning billion of dollars in funds frozen in the country because of US pressure. Bagheri said on Wednesday that he had pressed South Koreas First Vice Foreign Minister Choi Jong Kun in a phone conversation held earlier ...

Foreign Minister Hossein Amir-Abdollahian has warned that Tehran will not stop the Central Bank of Iran (CBI) from filing a lawsuit against South Korea over the freezing of Iranian assets in its banks under US pressure if Seoul fails to take practical strides to unblock the funds. The US pressure [on South Korea] is a fact, but we can no longer ...

The persistent problems in financial transactions with South Korea have damaged the trust of the Iranian people, President Hassan Rouhani said, calling on Seoul to address the banking issues and make it possible for Tehran to use its blocked resources. South Koreas new ambassador to Tehran, Yun Kanghyeon, met with Rouhani on Tuesday to submit his ...

The head of the Iran-South Korea Joint Chamber of Commerce told IRNA on Wednesday that 30 million dollars from Irans approximately seven billion dollars blocked in South Korea has been paid to purchase the COVID-19 vaccine. "We were hopeful that the agreement between the two counties would be implemented, but a small percentage has so far ...

The Iranian Foreign Ministry spokesman called on Seoul to behave rationally in dealing with Tehrans seizure of a South Korean vessel due to technical issues. In comments on Tuesday, Saeed Khatibzadeh said, The South Korean governments behavior in this regard is not understandable and is rejected." We urge the Korean government to deal ...

FNA - Iran is prepared to cooperate with South Korea in the field of police training to boost the fight against international crimes, Iranian Interpol Chief Brigadier General Hadi Shirzad said on Saturday. Shirzad made the remarks in a meeting with the South Korean envoy to Tehran, Jeong-Hyun Ryuh. He added that Iran's law enforcement forces ...

MNA Iranian President Hassan Rouhani has called on Governor of the Central Bank of Iran Abdolnaser Hemmati to push South Korea to release billions of dollars of Iran's oil-export revenues. In a phone conversation on Friday, Rouhani ordered Hemmati to take all the necessary actions in line with pushing South Korea to release Irans oil-export revenues ...

Bloomberg | Golnar Motevalli: The head of Irans central bank, Abdolnaser Hemmati, provided written answers to questions from Bloomberg about the Islamic Republics ongoing dispute with South Korea over billions of dollars in oil revenue that is trapped in banks there and Tehran wants to tackle the coronavirus. Iran recently received $500,000 of medicine ...

Tasnim Governor of the Central Bank of Iran called on South Korean banks to release Irans oil money frozen under US pressure, warning that the Islamic Republic reserves the right to take legal action under international law. It is appalling to see that (South) Korean banks have conveniently neglected their obligations, common international financial ...

MNA Iran has criticized South Korea for following the United States interventions, which have undermined Tehran-Seoul mutual relations. Iranian Foreign Ministry Spokesman Abbas Mousavi, in his weekly presser on Monday, referred to a South Korean medical cargo destined to Iran, saying, We have held two long years of negotiations on this matter, ...

Press TV - South Korean officials say authorities have received a special permit from the United States to resume humanitarian trade with Iran amid claims of support for the Islamic Republic in its fight against the new coronavirus pandemic. South Koreas official Yonhap news agency cited a Foreign Ministry official as saying on Friday that humanitarian ...

MNA South Korean Embassy to the Islamic Republic of Iran announced on Mon. that this country will send $2 million worth of medical equipment to Iran to battle coronavirus. In a twitter message, South Korean Embassy wished eradication of coronavirus in Iran and the world and added, "South Korea intends to send $200 million worth of medical equipment ...

MNA South Korea's Defense Minister Jeong Kyeong-doo has announced that South Korea will not take part in joint operations in the event of any probable armed clash between Washington and Tehran. South Korea's Cheonghae Unit whose operational boundary has been expanded to include the Strait of Hormuz will not intervene in probable military clashes ...

IRNA Iran, Russia and South Korea signed Memorandum of Understanding on cinematic cooperation. The MoU was signed in presence of Chairman of the 32nd International Film Festival for Children and Youth Ali Reza Tabesh on the sidelines of the 32nd International Film Festival for Children and Youth underway in Isfahan province. On importance of ...

Financial Tribune - A senior South Korean diplomat, who has been engaged in talks with the United States over Iran sanctions, said Seoul is hopeful that humanitarian trade with Tehran will come back on track in the near future. Hong Jin-wook, director general for South Korean Foreign Ministrys African and Middle Eastern Affairs Bureau, who last ...

IRNA - Governor of the Central Bank of Iran Abdolnaser Hemmati is currently on a visit to Seoul, South Korea to review economic relations. During his stay, Hemmati is scheduled to hold talks with South Korean Minister of Economy and Finance Hong Nam-ki and the head of South Korean Central Bank and the South Korean deputy foreign minister. He ...