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
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country
AEOI Chief Mohammad Eslami: We witnessed new, stricter stances from European countries since signing new agreement with IAEA
Saree: Our UAV force targeted the so-called Ramon Airport in the Umm al-Rashrash area in southern occupied Palestine

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

  • By Al Mayadeen
  • Source: Agencies
  • 20 Jul 2021 17:13
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

Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Britain Trained Israeli Soldiers Involved in Gaza War: Declassified
Europe

UK training of Israeli officers sparks outcry over Gaza war complicity

Luxembourg's Prime Minister Luc Frieden arrives for an EU summit at the European Council building in Brussels, Thursday, June 26, 2025. (AP Photo/Omar Havana)
Politics

Luxembourg to recognize Palestine at UN summit next week

European Union flags flap in the wind outside EU headquarters in Brussels, Wednesday, Sept. 3, 2025 (AP)
Politics

EU exec. branch to adopt new sanctions against 'Israel' on Wednesday

Charlie Kirk killing suspect faces charges in Utah court hearing
US & Canada

Charlie Kirk murder suspect faces formal charges in Utah court hearing

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