With Sanctions Lifted, South Korea Eyes Investment Links to Iran

South Korean President Park Geun-hye at a joint press conference with Iranian President Hassan Rouhani, Tehran, May 2, 2016 (AP photo by Ebrahim Noroozi).
South Korean President Park Geun-hye at a joint press conference with Iranian President Hassan Rouhani, Tehran, May 2, 2016 (AP photo by Ebrahim Noroozi).

South Korean President Park Geun-hye visited Iran earlier this month, pledging to forge ahead and establish a new era of relations with Tehran built on closer economic cooperation. During the three-day visit, Park and Iranian President Hassan Rouhani agreed to 30 joint economic projects, totaling more than $37.1 billion. The two sides also agreed to more than 50 memorandums of understanding dealing with everything from infrastructure cooperation and joint energy ventures to work on medical and health care projects. South Korea was eager to quickly restore relations with Tehran following the finalization of last year’s nuclear deal between Iran and […]

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