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EghtesadOnline: In a meeting with the Head of Iran’s Securities and Exchange Organization Shapour Mohammadi, a South Korean senior financial regulator expressed his country’s readiness to support Iran’s capital markets.

He also stressed the importance of boosting financial cooperation between the two countries, stating that lifting of the international sanctions imposed on Iran has paved the ground for mutual financial cooperation.

South Korea is seeking business opportunities in Iran, and in this regard South Korean president Park Geun-hye traveled to Iran in May and met with Hassan Rouhani, her Iranian counterpart. They both stressed the necessity of improving ties in different fields, reports ISNA.

Industry data showed that the trade volume between Korea and Iran stood at US$6.1 billion in 2015, down sharply from $17.4 billion in 2011 due to the sanctions.

Iran-South Korea cooperation Iran capital market Shapour Mohammadi