Iran Press/ Iran news: Hossein Tanhaei said on Sunday that South Korean officials and economic activists had more visits to Iran in recent days.
He said: "Large companies in South Korea had announced their readiness to rejoin Iran's trade list."
Underlining that trade with South Korea is expected to begin in the next three to five months, he stated: "Regarding Iran's blocked money in the S. Korea, it is stipulated that instead of paying in cash or manufactured goods, technical equipment and production machinery enter Iran."
He noted that South Korea had been rich in technical, electronic, and petrochemical items, and a large volume of trade in this field could be put on the agenda.
According to the Central Bank of Iran, about eight billion dollars of Iranian money is blocked in South Korean banks, and during the past year, there have been many negotiations to receive cash or send food and medicine in return, but despite the agreements between the two sides, none of them reached the implementation stage.
Economists see Seoul officials' fear and adherence to White House policies as the main reason for blocking Iranian assets in South Korea.
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