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January 2003 / No. 21


Trade & Business

S. Korea’s Pointed Attention on Iran

"Around 2000 South Korean cars named “Moso” are scheduled to be assembled in Iran in 2003."

Iran’s President Mohammad Khatami will pay a visit to South Korea in the near future at the invitation of his counterpart President Kim Dae Jung, said South Korean ambassador to Iran Lee Sang Chul. “The exact date of the trip has not been set yet”, he added. The meetings between the officials of the two countries will promote mutual ties especially in economic fields.

Given that Iran is an important country in the Middle East and South Korea enjoys a prominent location in the Far East, expansion of their relations will also lead to positive results for their respective regions, he said. Expansion of political and economic ties between the two countries should be followed by the strengthening of relations in culture and tourism, and as a result a direct Tehran-Seoul flight will soon be launched, Sang Chul declared.  “It will have a great impact on the expansion of ties between the two countries”.

Some 4000 Iranian tourists visit South Korea annually, and a comparable number of South Koreans travel to Iran every year. It is predicated that the flight will considerably boost the numbers, he added. “There are lots of tourist attractions in Iran which are very interesting for our people and the two countries recently held talks on signing a memorandum of understanding in this respect”.

The ambassador said Seoul plans to allow 510 Iranians to enter the country for work. “After undergoing training they will be employed by South Korean companies,” he noted.

The two sides have agreed the Iranian workers will stay in South Korea for one to four years, the ambassador said. A number of South Korean experts are now in Iran and cooperating with Saipa car manufacturing company.

“Bilateral ties have been progressing as we near the 40th anniversary of the establishment of relations between Iran and South Korea” he said. Sang Chul said in 2000 the two sides had their highest trade exchange at $8.3 billion but it dropped to $3 billion in 2001 and for the current year the amount is predicted at $4.3 billion.

According to the ambassador around 2000 South Korean cars named “Moso” are scheduled to be assembled in Iran in 2003. He also called on his country’s ship-building companies to boost their cooperation with Iran on modernization of Iran's fleet and building new ships.

 

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