Iran, South Korea discuss banking relations

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News ID: 10486
Iran » Iran
Publish Date: 14:11 - 17 June 2017
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TEHRAN, June 17, YJC - Iran’s Minster of Economy discussed opening branches of Iranian banks in South Korea with his Korean counterpart.
 
TEHRAN, Young Journalists Club (YJC) - Iranian Minster of Economy Ali Tayyebnia has traveled to South Korea to attend Asian Infrastructure Bank summit, visited his Korean counterpart. In this visit Tayyebnia discussed such issues as developing credit lines between the two countries, maintaining brokerage relations, and opening branches of Iranian banks in South Korea.

Developing credit lines between the two countries is to be finalized, yet some agreements should be reached by the two countries Ministers for other deals.

Opening Iranian banks in South Korea and developing brokerage relations between the two countries were deemed to require more cooperation between the banks for which the two Ministers made promises.

The facilitation of  the exchange of the currencies obtained from oil selling and transferring was among other issues to be discussed between Iran’s Minister of Economy and his counterpart.

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