TERHAN – Iran and South Korea to expand cooperation in the field of startup business in the future, IRIB reported on Saturday.

The head of Iran Small Industries and Industrial Parks Organization (ISIPO) Sadeq Najafi and the deputy minister for the South Korea’s Ministry of SMEs and Startups Choi Su-gyu signed an agreement in Seoul on Friday.

According to the agreement, the two sides will share knowledge in the field of startup business with each other.

Najafi also had a meeting with officials of the Korea Small & Medium Business Corporation (SBC).

During the meeting, they discussed bilateral cooperation to establish online links between Iranian and Korean companies. 

In December 2017, representatives from private sectors of Iran and South Korea signed 22 memorandums of understanding (MOUs) during the 4th Iran-South Korea Small and Medium Enterprises (SMEs) Technology Matching Conference in Tehran.

SB/MG