Tuesday 3 May 2016
 
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South Korea

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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S Korea November exports fall less than expected

South Korean exports fell for an 11th straight month in November, while foreign orders shrank at a sharper pace, pointing to a further deterioration in global demand and prompting some analysts to call for more interest rate cuts.

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S Korea fines Volkswagen, orders recall over emissions cheating

South Korea on Thursday became the first country outside the United States to punish Volkswagen AG on the basis of its own emissions tests, slapping the German automaker with a record fine and ordering a recall of 125,522 vehicles.

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