Ministry of Foreign Affairs Advances Working-Level Talks to Release Frozen Funds Between Korea and Iran

[Asia Economy Reporter Yoo In-ho] The Ministry of Foreign Affairs announced on the 7th that South Korea and Iran have agreed to promote working-level consultations between experts from both countries to resolve the issue of frozen funds.

In a press release on the same day, the Ministry explained, "On the 6th (local time), First Vice Foreign Minister Choi Jong-geon met with Ali Bagheri Kani, Deputy Foreign Minister of Iran, at the Iran nuclear deal (JCPOA - Joint Comprehensive Plan of Action) restoration talks held in Vienna, Austria, to discuss the issue of frozen funds in South Korea."

The Ministry stated, "Both sides had frank and constructive discussions on overall Korea-Iran relations, including the issue of frozen funds," and "Vice Minister Choi expressed hope that negotiations to resume the Iran nuclear deal would be concluded promptly."

It added, "Both sides agreed that the release of the frozen funds should be urgently carried out," and "they decided to promote working-level consultations between experts from both countries to discuss practical issues related to the transfer of the frozen funds."

Vice Minister Choi has been visiting Vienna, where the JCPOA restoration negotiations are being held, from the 4th to the 9th. After the meeting, Vice Minister Choi wrote on Twitter, "I had an excellent meeting with Deputy Minister Bagheri Kani and exchanged views on bilateral relations, including frozen funds," and "South Korea and Iran will cooperate to preserve their historically important relationship."

This content was produced with the assistance of AI translation services.