SEOUL, May 7 (Korea Bizwire) — A South Korean court has ruled that an Iranian who converted from Islam to Christianity should be formally recognized as a refugee due to concerns over persecution upon returning to Iran. Cha Ji-won, a judge at the Seoul Administrative Court, ruled in favor of the plaintiff who filed a [...]
SEOUL, Feb. 26 (Korea Bizwire) — Oil spills from a sunken Iranian tanker have not affected South Korean waters since the worst maritime incident in decades took place in the East China Sea more than a month ago, Seoul’s oceans ministry said Monday. The Sanchi, carrying more than 100,000 tons of oil, sank after colliding [...]
SEOUL, Jan. 5 (Korea Bizwire) — LG Electronics Inc. said Friday it has opened the LG Kids Science Hall in the capital city of Iran in a bid to promote its brand in the Middle Eastern country. The South Korean tech giant said it hopes the science hall will provide local children and teenagers with [...]
SEOUL, Nov. 21 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Tuesday it has opened a store in Iran, marking the first overseas expansion for a local convenience store operator. The launch of the store in Tehran came about four months after the company signed an [...]
SEOUL, Sept. 8 (Korea Bizwire) – Presiding over the most successful stretch of South Korean football ever, Guus Hiddink on the sidelines throughout the 2002 FIFA World Cup was a figure of stability, charisma, and most importantly, trust. Trust in the national football team has always been in somewhat short supply in the “Be the [...]
SEOUL, Jul. 14 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s largest convenience store chain CU, said Friday it signed a franchise deal with an Iranian company marking the first overseas expansion for a convenience store operator. Under the agreement, home appliances firm Entekhab Investment Development Group will take charge of investment [...]
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 [...]
SEOUL, Dec. 14 (Korea Bizwire) – Ssangyong Motor Co., the country’s smallest automaker, said Wednesday it has shipped a total of 6,823 vehicles to Iran in the first 11 months of the year, with the figure expected to top 8,000 units this year. The automaker, the local unit of Indian carmaker Mahindra & Mahindra Ltd., [...]
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 [...]
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 [...]