Iran, Korea Economic Ties Enter Into New Phase: Korean Official

Isfahan, Dec 23, IRNA – Referring to the 50th year of economic ties between Iran and South Korea, Head of South Korea Economic Studies Association (AKES) Incil Aei said the two countries have entered into a new phase in economic relations. Incil Aei, in a meeting here in Isfahan Chamber of Commerce, Industry, Mines and Agriculture on Saturday afternoon, said small and medium size companies have special importance in South Korean economy and have contributed a lot to economic development. With the help of these companies, trade and export volume of South Korea is more than the country's gross domestic product, the official said. Director of International Economy of Isfahan University Kamal Tayyebi called for holding conference of AKES in Iran next year and said that this conference will have an important role in Iran-South Korea future economic ties. He added that the association has 3,000 active members in the world and a large section of economic articles in the world are written by its members. A Memorandum of Understanding (MoU) in cooperation between AKES and Isfahan Chamber of Commerce, Industry, Mines and Agriculture was signed here on Saturday./end