Iran Press/ Iran news: Hossein Tanhaei, chairman of the Iran-South Korea Joint Chamber of Commerce, said $7 billion of Iran's foreign assets had been frozen in South Korea, of which $30 million had been paid for the coronavirus vaccine.
The Iranian official added: South Korea was supposed to pay $1 billion in debt to Iran in cash, but so far we have not seen its implementation in practice.
Since 2018, seven billion dollars of Iranian oil sales have been blocked in two South Korean banks, and since then, there have been many negotiations to pay off this debt from Seoul to Iran.
One of the topics of discussion between former South Korean Prime Minister Chung Sye-kyun and Iranian officials during his visit to Tehran was how to return Iranian money to the country.
Abdolnaser Hemmati, the governor of the Central Bank of Iran, had said that one billion dollars out of seven billion dollars of Iranian resources blocked in South Korea would be transferred in cash to Iranian banks.
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