IntelliNews - South Korean behemoth Samsung Electronics has denied rumours that it is leaving the Iranian market in the face of US sanctions imposed on Tehran and foreign companies that continue to do business with Iran, according to a Digiato magazine report published on April 24. Iranian media have lately reported that the technology brand, along ...

Iran Khodro's CEO Hashem Yekezare recently confirmed a South Korean press statement that his company is in talks with LG International Corp to jointly develop electric-powered vehicles. The earlier news, which Financial Tribune reported in May, marks a turning point for Iran's largest automaker and assembler, which shows that it is actually thinking ...

TEHRAN, May 13 (MNA) LG International Corp., the trading arm of South Korea's LG Group, said Friday that it has signed a tentative deal with the Iranian government to cooperate in developing electric vehicles and establishing necessary infrastructure. Under the deal, LG International will work with local companies to develop electric vehicles ...