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
Lebanese Ministry of Health: Final toll from airstrike on car in Zebdine, Nabatieh District: Two martyrs, four injured
Egyptian media: Indirect talks between Hamas and Israelis begin in Sharm el-Sheikh.
AFP: France's new PM Sebastein Lecornu resigns just hours after unveiling cabinet.
Trump: Technical teams will meet again on Monday in Egypt to discuss and clarify the final details, and the first phase is scheduled to be completed this week
US President Donald Trump: Talks with Hamas have been very successful and are moving at a rapid pace
Local sources in Aleppo: Violent clashes erupt between the SDF and factions affiliated with the transitional authority on the Deir Hafer and Tishrin Dam fronts in the eastern Aleppo countryside
Israeli media: Interceptor missiles fired in an attempt to shoot down the drone
IOF Spokesperson: Sirens sounded amid suspected "enemy aircraft" infiltrating the Eilat area
Israeli media: "Israel" won the battle but lost the war strategically and politically
Israeli media: Ben Gurion Airport's airspace closed to air traffic following missile launch from Yemen

Iran urges South Korea to immediately release frozen funds

  • By Al Mayadeen English
  • Source: Agencies
  • 14 Jul 2022 11:02
  • 1 Shares
3 Min Read

Iran is calling on South Korea to release its frozen funds again, urging it to stop complying with the illegal, unilateral US sanctions.

  • x
  • Iranian chief negoatiator Ali Bagheri Kani in the Austrian capital, Vienna for the Vienna talks between Iran and major world powers
    Iranian chief negotiator Ali Bagheri Kani in the Austrian capital, Vienna for the Vienna talks

South Korea must immediately free the frozen Iranian assets that have been blocked there for years, Iranian Deputy Foreign Minister and chief negotiator Ali Bagheri Kani said Thursday, highlighting the importance of Tehran gaining access to its blocked funds.

"The Iranian gov't and people expect the new administration to immediately unfreeze our assets to provide a basis for improving bilateral ties," Bagheri Kani told First South Korean Vice Minister of Foreign Affairs Cho Hyun-dong in a phone call, the Iranian official wrote on Twitter.

Had a phone call with South Korea’s 1st Vice Minister of Foreign Affairs. I emphasized that the Iranian govt. & people expect the new admin. to unfreeze our assets to provide a basis for improving bilateral ties. He stated that Seoul is exploring a new way to resolve the problem. https://t.co/dPF6kKJhEO

— علی باقری‌Ú©Ù†ÛŒ (@Bagheri_Kani) July 13, 2022

The Islamic Republic's diplomat noted that Seoul had stated that South Korea was exploring new ways of resolving the problem that started in 2018 under former US President Donald Trump.

Iran has frozen funds and assets in several countries, including South Korea, but the latter has been closely working with Washington and waiting for a permit from there to repay its debt to the Islamic Republic.

Related News

White House concerned about unfolding domestic terrorism conspiracy

Von der Leyen faces no-confidence vote for 'surrendering Europe' to US

Seoul and Tehran are holding working-level consultations in a bid to resolve the issue revolving around the Iranian assets frozen in South Korea due to US sanctions and pressure on the peninsula. 

Washington unilaterally withdrew in 2018 from the 2015 JCPOA, more commonly known as the Iran nuclear deal, under then-President Donald Trump, who accompanied his arbitrary decision with the imposition of harsh sanctions on the Islamic Republic.

Iranian officials have over and over again said the South Korean government was obliged to unfreeze the country's funds, stressing that unilateral sanctions from the United States could not justify Seoul's inaction in repaying its debts to Tehran.

Iran and South Korea had previously agreed to use the funds for the latter to purchase humanitarian items from Iran, which was later prevented due to Seoul's commitment to honoring Washington's sanctions.

Seoul's illegal compliance with the unilateral sanctions was met with restrictions on imports from South Korea as a retaliatory measure.

Seoul did circumvent the sanctions in early 2022, however, paying $18 million in frozen Iranian funds to pay Tehran's UN dues and restore the country's voting rights.

The US Department of State announced last year 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."

  • United States
  • Iran nuclear deal
  • United Nations
  • JCPOA
  • Donald Trump
  • South Korea
  • Iran

Most Read

Iraq at a crossroads: A new war front?

Iraq at a crossroads: A new war front?

  • West Asia
  • 30 Sep 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
ap

'Israel' pays influencers $7K per post to whitewash Gaza genocide

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Hezbollah's representative in Iran, Sayyed Abdullah Safieddine, during an interview with Al Mayadeen which aired on October 6, 2025 (Al Mayadeen)
Politics

Tehran never interferes in Hezbollah decisions: Representative in Iran

Smoke billows over the Gaza Strip following an Israeli bombardment, as seen from southern Palestine, Sunday, Oct. 5, 2025. (AP)
Politics

Indirect talks for a ceasefire in Gaza begin in Sharm El-Sheikh: Egypt

Fighters from the Syrian Democratic Forces (SDF) prepare to attend a military parad in Qamishli, northeastern Syria, Tuesday, August 12, 2025 (AP)
Politics

Security forces seal Aleppo’s Sheikh Maqsoud, Ashrafieh districts

Amsterdam Captain Mohammed Ali Mohiuddin, who took part in the Global Sumud mission to Gaza, talks to Al Mayadeen on October 6, 2025 (Screengrab)
Politics

GSF captain says despite abuse, 'Israel weaker than spider's web'

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