Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

Rouhani: Iran has the Right to Use Assets in South Korea

  • By Al Mayadeen
  • Source: Agencies
  • 20 Jul 2021 18:13
2 Min Read

While receiving South Korean Ambassador Yun Kang-Hyeon in Tehran, Iranian President Hassan Rouhani affirmed Iran's right to utilize assets placed in South Korean banks, emphasizing the importance of removing obstacles between Tehran and Seoul right away.

  • x
  • Iranian President Hassan Rouhani and South Korean Ambassador Yoon Kang-Hyun meeting in Tehran.
    Iranian President Hassan Rouhani and South Korean Ambassador Yun Kang-Hyeon meeting in Tehran

On July 20, Iranian President Hassan Rouhani reiterated Iran's clear right to utilize assets kept in South Korean banks; he expressed sadness that "privileged relations" between Tehran and Seoul had been strained in recent years and expressed hope that they would be resolved as soon as possible.

During President Rouhani's welcoming, Yun Kang-Hyeon, the new South Korean Ambassador to Tehran, presented his credentials to the President of the Republic.

"In recent years, the distinctive relations between Iran and South Korea have been handicapped by the unfair American embargo," the Iranian President stated, adding that such barriers should be lifted as soon as possible.

Despite South Korea's promises, Rouhani addressed the persistence of the banking and financial problems between the two countries: "We still face problems in purchasing medical and pharmaceutical equipment and facilities and even the coronavirus vaccine in using our property in Seoul banks while it is our clear right to use our financial assets in South Korean banks.”

Related News

Top Iranian officials discuss Trump's Gaza plan, negotiations with US

Ghalibaf, Jalili deny rumors that they will withdraw from race

He stressed Iran's right to use the assets it had placed in the South Korean banks.

This comes as the US Department of State announced on July 14th that it had issued an exemption to some of Iran's blocked funds in South Korea and Japan, allowing them to import Iranian oil. The waiver, signed by Secretary of State Antony Blinken, allows the "transfer of Iranian funds in restricted accounts to exporters in Japan and the Republic of Korea."

It should be recalled that US sanctions prevented Iran from paying United Nations dues on January 19, putting it on a list of countries in arrears with several others.

"The conditions imposed, which were beyond our control, have affected the relations between Tehran and Seoul” the new South Korean Ambassador in Tehran stated. "But today I have a special mission to do our utmost to strengthen bilateral relations," he added

"Although we are waiting for the good results of the negotiations related to the JCPOA” Hyeon said today as he handed over his credentials to President Rouhani, " South Korea will not waste time and we are preparing the conditions for the further development of bilateral relations," he added. 

  • Iran
  • South Korea
  • Hassan Rouhani

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS