TEHRAN – Chairman of Iran-South Korea Joint Chamber of Commerce Hussein Tanhaei has said that South Korea is striving to release Iranian assets blocked in South Korea due to U.S. sanctions imposed against Iran.
Tanhaei pointed to Iran’s $7 billion worth of assets blocked in South Korea and stated that South Korean officials are in direct talks with U.S. officials for releasing Iranian blocked assets by lifting some sanctions imposed against Iran exceptionally.
Iran wants its assets to return to the country in cash but if this issue was not realized, Iran would import raw materials, equipment and machinery from South Korea out of its financial resources blocked in South Korea, Tanhaei added.