Tag: frozen assets

frozen assets

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U.S. and Iranian flags. The countries have reached an agreement to free Americans for jailed Iranians and access to frozen funds in Korea. [REUTERS/YONHAP]

Korea to release billions in frozen Iranian assets

Seoul is taking steps to release Iranian funds held in Korea due to U.S. sanctions on Tehran, according to local media reports on Friday.

2023.8.11

Nasser Kanaani, spokesman of the Iranian foreign ministry. [IRAN GOVERNMENT WEBSITE]

Iran pressures Seoul over frozen assets in Korean banks

The Iranian foreign ministry released another statement pressuring Korea on the years-long dispute surrounding frozen Iranian assets in Korea.“Iran’s financial demands from South Korea are the legal right of the Iranian nation, and the Korean...

2023.1.25

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The Iranian flag flutters in front the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria July 10, 2019. [REUTERS/YONHAP]

Iran's UN dues paid by Korea using frozen assets

Iran's delinquent UN dues have been paid by Korea using frozen assets, the Ministry of Economy and Finance said on Sunday. With the arrears settled, Iran will regain its UN voting rights, which have been suspended. "We completed the payment of ...

2022.1.23

An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, Sept. 9, 2019. [REUTERS/LEOHARD FOEGER/YONHAP]

40 Korean exporters to Iran get $70M in frozen money

Forty companies in Korea that exported to Iran were paid part of their outstanding accounts last month, according to a diplomatic source. “We understand there were 40 companies in total who were paid back some outstanding accounts,” a diplomatic...

2021.7.15

Korean Prime Minister Chung Sye-kyun, left, holds talks with Iranian First Vice President Eshaq Jahangiri in Tehran Sunday, kicking off a three-day visit. The two held a joint press conference after the talks. [NEWS1]

Prime minister visits Iran, expresses support for nuclear deal negotiations

Korean Prime Minister Chung Sye-kyun said Seoul supports constructive Iranian nuclear deal negotiations as he kicked off a three-day visit to Tehran Sunday, two days after Iran released the seized Korean oil tanker and its captain.

2021.4.12

Police officers stand in front of Hotel Imperial where a delegation from Iran is staying in Vienna, Austria, Tuesday, ahead of indirect talks with the U.S. delegation as Joint Comprehensive Plan of Action (Jcpoa) countries aim to revive the 2015 Iran nuclear accord. [AP/YONHAP]

Iran considering release of seized Korean oil tanker

The Iranian government said Monday that it is "positively" reviewing the release of the seized South Korean oil tanker and its captain detained since early January, an indication that the two sides are nearing an agreement on Iran’s frozen funds.

2021.4.6

U.S. Secretary of State Antony Blinken speaks before the House Committee on Foreign Affairs on foreign policy priorities in Washington Wednesday, before kicking off an Asia trip that will take him to Tokyo and Seoul next week. [AP/YONHAP]

Blinken isn't keen on unfreezing Iranian assets in Korea yet

The United States doesn’t plan on allowing a release of Iran’s frozen assets in Korea until Tehran returns to the 2015 nuclear accord, said U.S. Secretary of State Antony Blinken Wednesday.

2021.3.11

Korean Ambassador to Iran Ryu Jeong-hyun, right, in a meeting with Abdolnaser Hemmati, governor of the Central Bank of Iran, in the Korean Embassy in Tehran on Monday. [IRANIAN GOVERNMENT]

Iran sees light at end of tunnel for assets frozen in Korea

The Iranian government said it reached agreement with Korea to transfer its frozen assets, although Seoul’s Foreign Ministry said Tuesday that consultations with the United States are needed.

2021.2.23

An image shows South Korean oil tanker MT Hankuk Chemi that was seized by Iranian authorities on Jan. 4, in the Strait of Hormuz. Iran agreed Tuesday to release all crew members except the captain. [YONHAP]

19 sailors held by Iran to be sprung, captain held

Iran agreed to release all crew members of a South Korean-flagged oil tanker seized in the Strait of Hormuz last month with the exception of the captain, the two countries’ foreign ministries confirmed Tuesday.

2021.2.3

South Korean oil tanker MT Hankuk Chemi was seized by Iranian authorities on Jan. 4, in the Strait of Hormuz. Iran agreed Tuesday to release all crew members except the captain. [YONHAP]

19 sailors held by Iran to be released, but captain still detained

Iran agreed to release all crew members of a South Korean-flagged oil tanker seized in the Strait of Hormuz last month, with the exception of the captain, Seoul's Ministry of Foreign Affairs confirmed late Tuesday.