The governor of the Central Bank of Iran, Abdolnaser Hemmati, answered questions put to him by Bloomberg in writing about billions of dollars Iran has trapped in South Korea because of U.S sanctions.
Iran Struggling to Pry Trapped Billions From South Korean Banks
South Korean banks wary of U.S. sanctions are holding tight to billions of dollars of Iranian funds, Iran says, apparently unwilling to budge before Joe Biden assumes the U.S. presidency.
EMERGING MARKETS-Asian currencies advance as dollar retreats; S. Korea shares rebound
Adding to the positive mood, South Korea’s vice finance minister also said additional measures will soon be unveiled to revitalise consumption. Taiwan’s stocks climbed 1.6% and the local dollar once …
Will more Japanese firms exit South Korea as tensions rise after ‘comfort women’ ruling?
About 45 Japanese firms left South Korea in the last financial year; Covid-19 and fears of economic retaliation by Seoul could hasten the outflow of others. Deteriorating Japan-South Korea ties will …
Coding Whiz Kid Behind PUBG Plans IPO That Could Be South Korea’s Biggest
Kim Chang-han, a former child computer prodigy who won national coding competitions in South Korea in the 1980s, had reached his lowest point. It was 2014, and he’d just laid off a third of the …
Watch: Samsung scion jailed for bribery in South Korea corruption scandal
Samsung scion Lee Jae-yong sent to prison after a South Korean court found him guilty in a 2016 corruption scandal. Lee to spend two and a half years in jail for bribing then-President Park Geun-hye …
South Korean court gives Samsung scion prison term over bribery
Lee Jae-yong was sent back to prison on Monday after a South Korean court handed him a two and a half-year sentence for his involvement in a 2016 corruption scandal.
South Korea looks to strengthen position in global autonomous vehicles market with billion-dollar investment
will bring in several state ministry/agencies together to jointly finance autonomous projects and expedite their commercialization. “The move unfolds significant opportunities and South Korea can gain …
Myeong-dong: South Korea’s shopping hub facing big crisis amid the COVID-19 pandemic
Myeong-dong in South Korea is one of the must-see destinations when visiting the region. It has been known as the shopping hub and features local and international stores. Myeong-dong sells everything …
Japan urges South Korea to drop wartime compensation demands
Japan’s foreign minister is accusing South Korea of worsening already strained ties by making what he called illegal demands for compensation for the sexual abuse of Korean women and use of forced lab …