S. Korean Bank to Open Representative Office in Iran

Coinciding with the visit of South Korean President to Iran, the first representative office of the South Korean Woori Bank was opened with the presence of Mr. Kamyab, the vice-governor for Foreign Exchange Affairs in the Central Bank of Iran (CBI).

This is the first time that a South Korean bank has opened an office in Iran.

Mr. Kamyab said:

“Iran and South Korea have an extended historical bond and there are a lot of cultural similarities.

“With sanctions lifted, certainly more steps will be taken in order to develop more partnerships.”

(Source: CBI)

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