South Korea is keen to invest in rail projects in Iran, it was revealed following a visit by a delegation of experts from the country to Iran.

The team studied investment prospects in the sector, the CEO of Iran's Construction and Development of Transportation Infrastructure Company (CDTIC) was quoted as saying by Iran Daily.

Ali Nourzad told the visiting South Korean delegation that CDTIC welcomes foreign investments and is willing to see foreign investors play an active role in the sector, the report said.

South Koreans are keen to take part in a railway project linking the southeastern Iranian cities of Chabahar and Zahedan. A memorandum of understanding (MoU) has been signed by Iran and India to carry out the project.

The official said South Korea can participate in the project by establishing a joint company with India.