A South Korean foreign ministry official has said the United States has agreed to let Korea release some of Iran's frozen assets.

Iran press/ Asia: The Korean official added on Thursday that the transfer was to be made through Swiss banks, according to KBS television.

The senior South Korean Foreign Ministry official added: "The United States has in fact agreed in principle with the plan to release some of Iran's assets through Swiss banks, but discussions on how to transfer it continue."

South Korea Television adds that the Swiss Humanitarian Trade Agreement (SHTA) seeks to ensure that Swiss-based exporters and trading companies in the food, pharmaceutical and medical sectors have a secure payment channel with a Swiss bank, thus exports of goods to Iran are guaranteed.

Yesterday, Abdul Nasser Hemmati, the governor of the Central Bank of Iran, said that Iran's money in Korea is about $ 7 billion and Korea will start paying back $ 1 billion. 219