Wednesday 25 May 2016
 
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South Korea

S Korea's Hotel Lotte plans $4.9bn IPO

South Korea's Hotel Lotte plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015. The sprawling L

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S Korea in deal to build $4bn smart city in Kuwait

The governments of South Korea and Kuwait will jointly build a new city - The South Saad Al Abdullah New City -  40 km west of the centre of Kuwait at an estimated cost of $4 billon, said a report. The city, which will be spr

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Iran, South Korea to triple trade volume to $18bn

Iran and South Korea are planning to triple their annual trade volume to $18 billion, Iran’s President Hassan Rouhani announced recently following the meeting with his South Korean counterpart Park Geun-Hye. The two sides de

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Iran oil exports to S Korea rise four-fold

Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since international sanctions were lifted in January, Oil Minister Bijan Zanganeh was quoted as saying on Sunday by the Shana news agency. Ir

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S Korea plans to boost Iran oil imports

South Korea plans to boost imports of Iranian oil, especially condensate, this year to meet growing demand after sanctions on the Islamic nation were lifted in January.   The world's fifth largest importer of

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Iran, South Korea sign agreements worth $1.6bn

Iran and South Korea have announced the signing of three agreements worth about $1.6 billion, towards setting up of a steel mill, power plant, and a desalination facility in Iran, during Iran-Korea Business Forum in Tehran, said a report.

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Iran oil exports at 1.75 mbpd last month

Iran's exports of crude oil reached 1.75 million barrels per day (mbpd) in the Iranian month from January 21 to February 19, up by 400,000 bpd year on year, the oil minister said on Monday.   "Iran's

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Move to increase S Korea-UAE trade

A senior official from South Korea recently visited the UAE’s Jebel Ali Free Zone (Jafza), the flagship free zone of Dubai, to develop bilateral relations and contribute towards increasing the volume of trade between the two countries.

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Iran in talks with S Korea firm to develop refinery

Iran is in talks with a South Korean company for the development of Isfahan Refinery, a top official said. "We are in negotiations with the refinery's managers and the project will be undertaken once it is approved,"

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Iran, South Korea in shipbuilding JV

Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, a report said. Iran has a sprawling shipbuilding industry, chiefly devoted to constructing oil tankers and container ship

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