TEHRAN, Young Journalists Club (YJC) - During the last half century, two countries have forged a solid relation and contributed to each other’s economic development. Particularly, Korea’s economic leap in the 70’s would have not been possible, were it not for the vast economic projects of Iran. Korea emerged one of the major trade partners of Iran and its oil purchaser.
5th anniversary is more meaningful this year, not because of repetition of same number, but because it is time to evaluate our past relations and decide the direction we head to for the future. Could we stay in the same course or should we take a new track?
This question is more relevant at the time of the economic boom brought by the JCPOA. As one of the major beneficiaries of the historic deal, Korea praises the bold vision of the Iranian government and its seasoned diplomacy to make the vision a reality. I admire the faithful implementation of the deal by Iran, which is verified and confirmed by the IAEA. Since the JCPOA, our trade volume has increased 70%, giving us comfortable expectation to exceed 10 billion USD this year. Korean companies are rushing in and Korea is legally committed to provide up to 8 billion USD to Iran and another comparable amount is in the pipeline.
The current achievements may make us complacent with the course we navigated during the past years. The future course needs to be correctly set without being misled by the current boom and with a critical review on the past relations.
I think the relations of Korea and Iran is not stable. It extremely depends on ‘trade and even worse, only on several items, especially oil. Trade partner can be switched at any time on better offer. I do not expect that Iranians continue to buy Korean products even though they can find better products at lower price.