Iran Welcomes South Korean Investment

By John Lee.

While receiving the credential of the new South Korean Ambassador to Tehran, Mr. Kim Sung Ho, on Monday, President Hassan Rouhani said:

“As there is no obstacle in the way of the expansion and the deepening of Iran and South Korean ties and cooperation, we must seize the opportunity  … South Korean state and private companies are welcome to invest in Iranian oil, gas, petrochemical, mining and automobile manufacturing fields”.

He expressed the hope that the two countries existing relations and cooperation would be further strengthened during Mr. Kim’s term of office in Tehran Embassy.

The Ambassador said:

“The South Korean government will not hesitate and lose the opportunity to pave the ways for the active participation of the two countries’ private sectors in the each other’ country’s economic development”.

(Source: Office of the Iranian President)

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