Iran's Announcement of "Agreement on Use of Frozen Korean Assets"... Ministry of Foreign Affairs Says "Must Consult with the US"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Regarding reports that Iran has agreed to the transfer and use of Iranian funds frozen in South Korea and Korea, the Ministry of Foreign Affairs stated that consultations with related countries are still pending.

The Iranian state-run IRNA news agency reported on the 22nd (local time) that Abdolnaser Hemmati, Governor of the Central Bank of Iran, met with Yoo Jeong-hyun, South Korea's ambassador to Iran, at the South Korean embassy the previous day and agreed on the use of frozen assets in South Korea.

IRNA reported that Ambassador Yoo said, "The South Korean government is prepared to take all necessary measures to use all Iranian assets in South Korea, and there are no limitations or restrictions in this regard."

In this context, the Ministry of Foreign Affairs stated, "The actual release requires consultations with related countries such as the United States."

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