U.S. sanctions Archives | Be Korea-savvy

Iran’s Oil Tanker Seizure Appears Aimed at Pressuring S. Korea to Unlock Frozen Assets: Experts

SEOUL, Jan. 5 (Korea Bizwire) – Iran’s abrupt seizure of a South Korean-flagged oil tanker this week appears aimed at pressuring Seoul to unlock its financial assets frozen under U.S. sanctions amid its worsening economic woes and the COVID-19 scourge, analysts said Tuesday. The Islamic Republic might also intend to send a warning to South [...]

Revived U.S. Sanctions Feared to Impact KEPCO’s Iran Business

SEOUL, May 17 (Korea Bizwire) — The revival of U.S. sanctions on Iran for its nuclear program is feared to cast a cloud over projects pursued by the state-run Korea Electric Power Corp. (KEPCO) in the Middle Eastern country, the utility firm said Thursday. Defying opposition from its European allies, U.S. President Donald Trump abandoned [...]