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S. Korea to Export US$500,000 Worth of Hereditary Disease Medicine to Iran This Week

S. Korea to Export US$500,000 Worth of Hereditary Disease Medicine to Iran This Week

SEOUL, May 28 (Korea Bizwire) – South Korea will this week send to Iran US$500,000 worth of medicine used to treat a hereditary disease, the foreign ministry said Thursday, in the first such humanitarian exports to the country since the United States tightened anti-Tehran sanctions last year. The medicine to treat Gaucher’s disease will be sent by [...]

Korean Firms Brace for Potential Fallout from Mideast Tensions

Korean Firms Brace for Potential Fallout from Mideast Tensions

SEOUL, Jan. 6 (Korea Bizwire) — South Korean refiners and petrochemical companies are bracing for potential fallout from the U.S. killing of a top Iranian general, which has already sent global oil prices higher, industry sources said Monday. The fatal drone strike on Gen. Qassem Soleimani, the head of Iran’s elite Quds Force, on Friday [...]

Petrochemical Firms Ready to Cope with Scrapped Sanctions Waivers on Iranian oil

Petrochemical Firms Ready to Cope with Scrapped Sanctions Waivers on Iranian oil

SEOUL, Apr. 23 (Korea Bizwire) — South Korea’s petrochemical firms and refiners said Tuesday that the United States’ decision to end its sanctions waivers on Iranian oil imports isn’t likely to cause crisis in the industry, although short-term repercussions on their balance sheets appear to be inevitable. The Donald Trump administration on Monday (local time) [...]

Movie on S. Korea’s Democratization Movement Screens in Iran

Movie on S. Korea’s Democratization Movement Screens in Iran

SEOUL, Nov. 29 (Korea Bizwire) — The seventh iteration of Iran’s Korean Film Festival kicked off in Tehran on Wednesday. The festivities will go on for four days to screen eight Korean movies, including “Little Forest”, “Forever the Moment”, “The King of Jokgu”, and “Breathing Underwater”. Lim Soon-rae, the director of “Little Forest” and “Forever [...]