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40 Korean exporters to Iran get $70M in frozen money

Forty companies in Korea that exported to Iran were paid part of their outstanding accounts last month, according to a diplomatic source. “We understand there were 40 companies in total who were paid back some outstanding accounts,” a diplomatic...

2021-07-15

Prime minister visits Iran, expresses support for nuclear deal negotiations

Korean Prime Minister Chung Sye-kyun said Seoul supports constructive Iranian nuclear deal negotiations as he kicked off a three-day visit to Tehran Sunday, two days after Iran released the seized Korean oil tanker and its captain.

2021-04-12

Iran considering release of seized Korean oil tanker

The Iranian government said Monday that it is "positively" reviewing the release of the seized South Korean oil tanker and its captain detained since early January, an indication that the two sides are nearing an agreement on Iran’s frozen funds.

2021-04-06

Blinken isn't keen on unfreezing Iranian assets in Korea yet

The United States doesn’t plan on allowing a release of Iran’s frozen assets in Korea until Tehran returns to the 2015 nuclear accord, said U.S. Secretary of State Antony Blinken Wednesday.

2021-03-11

Iran sees light at end of tunnel for assets frozen in Korea

The Iranian government said it reached agreement with Korea to transfer its frozen assets, although Seoul’s Foreign Ministry said Tuesday that consultations with the United States are needed.

2021-02-23

19 sailors held by Iran to be sprung, captain held

Iran agreed to release all crew members of a South Korean-flagged oil tanker seized in the Strait of Hormuz last month with the exception of the captain, the two countries’ foreign ministries confirmed Tuesday.

2021-02-03

19 sailors held by Iran to be released, but captain still detained

Iran agreed to release all crew members of a South Korean-flagged oil tanker seized in the Strait of Hormuz last month, with the exception of the captain, Seoul's Ministry of Foreign Affairs confirmed late Tuesday.

2021-02-03

Diplomats head to Tehran to discuss ship, frozen assets

Korea dispatched a delegation to Tehran Thursday to negotiate the release of the South Korean-flagged oil tanker seized by Iranian authorities earlier this week, days ahead of a separate visit by Seoul’s No. 2 diplomat to discuss Iran’s frozen assets

2021-01-07

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