Iran Press/Iran News: "We've much-heard promises from South Korea. Now, we only wait for tangible, vital action," Seyyed Abbas Mousavi said.
"In Iran, no one expects $500 thousand or $2 million shipments. We hope the South Korean officials to remember the amount of Iranian nation's financial resources in Seoul and no legal obstacles against trade with Iran," Mousavi added.
Iran has frozen assets in South Korea banks, which the government refuses to pay under the pretext of sanctions.
According to the Chairman of the Iran-South Korea Joint Chamber of Commerce Hossein Tanhaee, “the amount of Iran’s blocked assets in South Korea is between $6.5 billion and $9 billion, where South Korea was supposed to release $50 million, but they didn’t.”
Earlier, the Iranian President Hassan Rouhani had instructed the Governor of the Central Bank of Iran, Abdolnaser Hemmati, in cooperation with the Ministry of Foreign Affairs, to pursue the issue of blocking Iranian investments in South Korea through bilateral politics, legal channels, financial institutions, and international bodies.
On May 27, Abdolnaser Hemmati referred to Iran’s assets in the Korean banks and the lack of cooperation between these banks in the use of these resources, saying that “the primary sources of these assets are completely clear, and there is no reason why South Korean banks should block Iran’s use of their resources under the pretext of US sanctions.”
Moreover, Hossein Tanhaee added that “South Korea not only doesn’t release Iranian currencies, but the Korean Woori Bank also wants Iran to pay for its maintenance, while Seoul is using and working with Iranian currencies.”
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