South Korea moved its naval unit operating near the Strait of Hormuz away from the waterway to foster a positive mood ahead of negotiations with Iran over a seized oil tanker and Tehran’s frozen assets, a South Korean diplomatic source said on Monday.
Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said Monday he expects South Korea to be serious on the issue of Iranian funds blocked in the East Asian country over US sanctions or expect repercussions in bilateral ties.
Iran’s deputy foreign minister for political affairs has taken to task the government of South Korea for illegally freezing the Islamic Republic’s assets over fear of the US sanctions, warning that Seoul should not submit to the extortionist policies of the White House.
Iranian Foreign Ministry spokesman Saeed Khatibzadeh said the main goal of the visit by a South Korean delegation to Tehran is to discuss ways of accessing Iran’s financial resources blocked in the Asian country under the US pressure.
South Korea is considering providing rental assistance to smaller merchants hard hit by the new coronavirus outbreak, when it will give them another round of emergency handouts next month, people familiar with the matter said on Sunday.
The South Korean economy is likely to grow at a slower-than-expected pace next year as domestic demand remains weak amid the fallout of the new coronavirus outbreak, a state-run think tank said on Wednesday.
In South Korea, one of the most digitally connected societies in the world, the COVID-19 pandemic has accelerated the growth of contactless technology in everyday life. But one group is finding itself struggling in a fast-changing world of communications apps, fast food-ordering kiosks and robot waiters: senior citizens.