Iran–South Korea relations

The South Korean ambassador to Turkey said on Feb. 18 a deal signed last August will boost trade volume between the two countries.

German firms have signed a range of business deals with Iranian partners as part of two-day visit with Economy Minister Sigmar Gabriel aimed at rebuilding trade ties, the ministry said on Oct. 3.

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.

Bulgaria's President Rosen Plevneliev has invited Korean companies to set foot in Bulgarian industrial zones and in the Sofia Tech Park.

In an interview for the Yonhap News Agency, South Korea's largest news agency, Plevneliev promotes Bulgaria as an investment destination located between Europe and Asia which can be the front door to the single European market.

The South Korean ambassador to Romania Hyo-Sung Park said during a visit to northwestern Oradea late on Thursday he is very satisfied with the current phase in the bilateral relations and their direction of development and is convinced the cooperation will be enhanced in the future.