South Korean companies willing to partner in Iran's projects

South Korean President Park Geun-hye in a meeting with Iranian Ambassador to Seoul Hassan Taherian voiced Korean companies' willingness to play a stronger role in the Iranian market.

"The Korean companies are interested in (wider) presence in the Iranian market," President Park said during the meeting in Seoul on Saturday.
The South Korean president pointed to the status quo of Seoul-Tehran relations, and expressed the hope that the countries' ties would further broaden in the future.
The Iranian ambassador, for his part, pointed to the good relations between the two states, and said, "The conditions are set for cooperation and deepening of relations in all areas."
Last month, South Korean Ambassador to Tehran Sung Wung Yeub in a meeting with Head of Iran's Trade Promotion Organization (TPO) Valiollah Afkhamirad said his country plans to launch production plants in Iran to manufacture various goods and products, including cars and home appliances.
Explaining the advantages of the start of Korean assembly lines in Iran, the envoy said, "In case production lines of South Korean factories are transferred to Iran, we can export our products to Iran's neighboring countries and Europe under better conditions."
He underlined that South Korean companies are gradually expanding their cooperation with Iran due to the good agreement between Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany).
Afkhamirad, for his part, said that Iranians believe South Korean goods have good quality and Koreans can seize the current opportunity created by the Iran-G5+1 interim agreement and launch production lines of quality cars and home appliances to pave the way for the transfer of their manufacturing technology to Iran.
He noted that the investment law in Iran's special economic and free zones has been eased for the foreigners, and offered that "South Koreans can have easier cooperation with Iran through these zones".