TEHRAN - South Korea's Trade-Investment Promotion Agency plans to help enterprises make forays into Iran amid the easing of economic sanctions on the Islamic Republic.

""Big opportunities are coming to Iran, with markets that were once closed due to the sanctions opening up all at once,"" Jeohong Kim, president of the Korea Trade-Investment Promotion Agency, told The Nikkei in an interview.
South Korean companies are actively seeking opportunities in Iran, expecting a gradual lifting of Western sanctions following the recent nuclear agreement. The agency has established a support center for investors to provide information and offer other services.
South Korea was the 13th leading importer of Iranian non-oil goods in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.       



Iran exported $429.61 million of non-oil goods to South Korea and imported $4.309 billion of non-oil goods from the country.   



In the first three months of the current Iranian calendar year, which corresponds to spring, Iran exported $23.793 million of non-oil goods to South Korea and imported $928.596 million of non-oil goods from the country.   



Iran aims to be as competitive as possible to win back oil sales to South Korea if sanctions on Tehran are lifted, Iran’s ambassador to South Korea Hassan Taherian said in May.   



“We want to increase the volume of exports,” Iranian ambassador Hassan Taherian added.   



“That is the reason that as much as possible we will do our best to be competitive, and as much as possible to have a share of market here in South Korea,” Taherian said.