South Korea's Hotel Lotte plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015.
The sprawling L
The governments of South Korea and Kuwait will jointly build a new city - The South Saad Al Abdullah New City - 40 km west of the centre of Kuwait at an estimated cost of $4 billon, said a report.
The city, which will be spr
Iran and South Korea are planning to triple their annual trade volume to $18 billion, Iran’s President Hassan Rouhani announced recently following the meeting with his South Korean counterpart Park Geun-Hye.
The two sides de
Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since international sanctions were lifted in January, Oil Minister Bijan Zanganeh was quoted as saying on Sunday by the Shana news agency.
South Korea plans to boost imports of Iranian oil, especially condensate, this year to meet growing demand after sanctions on the Islamic nation were lifted in January.
The world's fifth largest importer of
Iran and South Korea have announced the signing of three agreements worth about $1.6 billion, towards setting up of a steel mill, power plant, and a desalination facility in Iran, during Iran-Korea Business Forum in Tehran, said a report.
A senior official from South Korea recently visited the UAE’s Jebel Ali Free Zone (Jafza), the flagship free zone of Dubai, to develop bilateral relations and contribute towards increasing the volume of trade between the two countries.
Iran is in talks with a South Korean company for the development of Isfahan Refinery, a top official said.
"We are in negotiations with the refinery's managers and the project will be undertaken once it is approved,"
Iran has finalised a deal with South Korea to launch a joint shipbuilding venture between the two countries, a report said.
Iran has a sprawling shipbuilding industry, chiefly devoted to constructing oil tankers and container ship