Foreign policies are made mainly to protect and advance national interests in modern world.
South Korea, an important US ally in the Asia-Pacific region, has shifted its focus from Europe to West Asia. Seoul recently hinted that it would increase investments in Iran, which is maintaining a steady economic growth.
South Korean Envoy to Iran Kim Seung-ho said a couple of days ago that Seoul, which has always maintained healthy trade ties with Tehran, plans to explore investment opportunities in the West Asian country. “Trade is like gluing two things, but investment is rather a chemical reaction. When two materials react chemically, it is almost impossible to detach them. So, the Korean government urges Korean companies to invest more in Iran,” stressed Kim. He expressed satisfaction over the performance of bilateral trade that reached the highest level of USD 6.33 billion in the last 10 years.

The seasoned diplomat informed the media that the Moon Jae-in government in Seoul has already started taking necessary steps to boost investment in Iran. According to Kim, the Iranian and South Korean companies would have to apply their common projects to Korea’s Eximbank and after reviewing the profitability of the project, the bank would allow those firms to implement the projects.
Meanwhile, the ambassador thanked the top Iranian leadership for signing the biggest credit line deal with Eximbank in August, saying that the deal envisages around EUR 8 billion in loans provided by South Korean companies to finance various projects in Iran. At the same time, Kim advised Iran to improve its business environment, saying that the move would ultimately encourage foreign investors to invest in the country.

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Published by Koushik Das

Koushik Das (born on May 16, 1976 in Kolkata) is a career journalist. Based in the Indian capital of New Delhi, Koushik writes mainly about foreign policies and current geopolitical issues, and rarely about other topics. His own political ideas are highly influenced by Antonio Gramsci, Louis Althusser, Michel Foucault, Michael Oakeshott and others. English philosopher and political theorist Oakeshott (Dec 11, 1901-Dec 19, 1990) says that “in political activity, men sail a boundless and bottomless sea. There is neither harbour for shelter nor floor for anchorage, neither starting-place, nor appointed destination. But we have to keep afloat”. (Rationalism in Politics, 1962) As a student of Political Science, Koushik loves to share his views on issues, which have great impacts on his thought process (and also on India, South Asia and of course on the global community), with his readers through his website – Boundless Ocean of Politics. By doing so, he tries to keep himself afloat. You will find some of his articles in https://inserbia.info/today/ (https://inserbia.info/today/author/kou_das13_i/), as he has been trying to assess the global geopolitics since 2003. You can also mail him at kousdas@gmail.com View all posts by Koushik Das