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Iran and South Korea set to triple trade to $18 bln

Iran and South Korea have decided to triple their annual trade volume to $18 billion, President Hassan Rouhani announced on May 2 after meeting his South Korean counterpart Park Geun-Hye.

"The two sides decided to increase by three times the current trade volume of around $6 billion (5.2 billion euros) to $18 billion," Rouhani said in a joint televised press conference.

N. Korea's Kim hails 'successful' submarine missile test

North Korean leader Kim Jong-Un hailed a submarine-launched ballistic missile (SLBM) test as an "eye-opening success", state media said April 24, declaring Pyongyang has the ability to strike Seoul and the U.S. whenever it pleases.
 
The launch on April 23 came amid growing concern that Pyongyang is preparing a fifth nuclear test.
 

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