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South Korean companies eager to stay in Iran despite sanctions: envoy

 The South Korean ambassador said that despite the sanctions the country willing to stay in Iran.

South Korean companies eager to stay in Iran despite sanctions: envoy


Teheran, November 7 - Neftegaz.RU. The South Korean ambassador to Tehran said that despite the U.S. reimposing sanctions on Iran, South Korean Companies are willing to stay in Iran and continue their activities.  


Speaking at the Corporate Social Responsibility (CSR) Conference in Teheran, Yu Chang Hwang said, «[South] Korean companies are very eager to maintain their presence in Iran despite new [U.S.] sanctions, and the 2 countries will continue to pursue their cultural and diplomatic relations and goals with each other.» 


 Earlier in September the envoy had said that South Korean companies have not stopped their trade ties with Iran and are willing to work with Iran despite the U.S. reimposition of sanctions.


«The fact is that South Korean companies are interested in working in Iran and want to continue their trade and business cooperation with Iran. Of course, the problem of unilateral sanctions imposed by the U.S. on Iran should be taken into consideration,» the ambassador said.


 South Korea is the world’s 5th-largest crude oil importer, and as such an important client for Iran’s oil alongside China and India. South Korea is among the countries which have asked the U.S. for «maximum flexibility» on its request for a waiver to prevent their companies from being affected by renewed sanctions against Iran. 


Source : Neftegaz.RU

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