EghtesadOnline: South Korean company Korea Minting, Security Printing and ID Card Operating Corp. (KOMSCO) will provide Iran with 5 million integrated circuit chipsets that will be used in national identity cards.
The company’s JK21 chipset will be exported in 2018, Korea Times reported. KOMSCO declined to disclose the monetary value of the agreement.
According to a company spokesman, the deal is part of KOMSCO’s push to expand its market in Central Asia and Middle East. The company has already forged a $10 million contract with the government of Kyrgyzstan to supply 3 million e-ID cards to the country.
The spokesman added, the chipsets will be delivered to Iran in collaboration with another South Korean firm SME Networks, according to Financial Tribune.