EghtesadOnline: In an apparent tit-for-tat move, South Korea said Monday it will remove Japan from its "whitelist" of trusted trade partners, an act that risks further exacerbating tensions between the two US allies.
EghtesadOnline: A senior South Korean diplomat, who has been engaged in talks with the United States over Iran sanctions, said Seoul is hopeful that humanitarian trade with Tehran will come back on track in the near future.
EghtesadOnline: South Korea's finance minister has called for positive US consideration in resolving difficulties facing smaller South Korean companies due to US sanctions on Iran, the finance ministry said on Monday.
EghtesadOnline: Heads of the central banks of South Korea and Iran met in Seoul to discuss banking hurdles between the two sides and find workable solutions.
EghtesadOnline: South Korea will continue its negotiations with Washington to receive exemptions from US sanctions against Iran as ties with Tehran, particularly in the energy sector, are crucial for Seoul, says the East Asian nation's ambassador.
EghtesadOnline: South Korea overtook China as the No. 2 destination for US crude behind Canada in 2018, as shipments to South Korea soared to a record high of 558,000 barrels per day in December while shipments to China have started to return from zero, according to Energy Information Administration data released Friday.
EghtesadOnline: A top US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting a diplomatic source.
EghtesadOnline: South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
EghtesadOnline: Governor of the Central Bank of Iran said at the weekend Japan has resumed importing Iranian oil after China, South Korea, India and Turkey.
EghtesadOnline: South Korea says it has reached a deal with Iran to use local currencies in mutual trade between the two countries instead of the US dollar.