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SK E&C Joins Project To Build Iran Power Plants

SK E&C Joins Project To Build Iran Power Plants

SEOUL, March 20 (Korea Bizwire) – SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iraq, the South Korean firm said Saturday. Officials from the South Korean builder said the company has successfully purchased a 30 percent stake in UNIT International S.A., Turkey’s energy giant, one day after the two [...]

S. Korea’s Imports of Iranian Crude More Than Double in Q3

S. Korea’s Imports of Iranian Crude More Than Double in Q3

SEJONG, Nov. 29 (Korea Bizwire) – South Korea’s imports of Iranian crude oil soared in the third quarter of this year from a year earlier following the lifting of international sanctions against the Middle East country, government data showed Tuesday.  A total of 29.8 million barrels of crude oil was imported from Iran during the [...]

Experts Question $2 Billion Iranian Investment in Korea

Experts Question $2 Billion Iranian Investment in Korea

CHEONGJU, South Korea, Nov. 18 (Korea Bizwire) – Iranian traditional medical company Tooba promised North Chungcheong Province it would make a $2-billion investment in Osong, after signing an agreement with the provincial government in 2015.  Although highly regarded at the time, recent circumstances are breeding skepticism, with many questioning the legitimacy of Tooba’s assertions, and [...]

S. Korea, Iran Business Groups To Boost Ties

S. Korea, Iran Business Groups To Boost Ties

SEOUL, May 3 (Korea Bizwire) — Leading business groups of South Korea and Iran agreed Tuesday to promote commercial and industrial partnerships by establishing consultative bodies.  The Korea Chamber of Commerce and Industry (KCCI) said it has signed a memorandum of understanding with Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).  The KCCI will [...]

Rouhani Hints Iran’s Opposition to N. Korea’s Nuclear Program

Rouhani Hints Iran’s Opposition to N. Korea’s Nuclear Program

TEHRAN, May 3 (Korea Bizwire) — Iranian President Hassan Rouhani suggested Monday that his country is opposed to North Korea’s nuclear weapons program. “We want changes on the Korean Peninsula and we are, in principle, opposed to any nuclear development,” Rouhani said in a joint news conference with South Korean President Park Geun-hye after their [...]

‘Descendants of the Sun’ to be Exported to Over 27 Countries

‘Descendants of the Sun’ to be Exported to Over 27 Countries

SEOUL, March 24 (Korea Bizwire) - South Korean TV sensation “Descendants of the Sun” has been exported to 27 countries and the number is set to grow, its production company said Wednesday. Next Entertainment World said that the burgeoning attention the drama has been attracting overseas raised the possibility of sealing more broadcasting contracts in the [...]