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Seoul says Iran's frozen asset issue needs consultation with U.S. Updated: 2021-02-23 16:37:20 KST

Regarding Iran's claims they reached an agreement with Seoul over frozen assets, South Korea's foreign affairs ministry said it needs to consult with the U.S. and other related countries to clear technical issues when sending the money.
It added that Tehran agreed on proposals by Seoul during a meeting between the South Korean ambassador to Iran, Ryu Jeong-hyun and Iran's central bank governor Abdolnasser Hemmati on Monday.

Iran's central bank said on Monday that it had reached an agreement with South Korea to unfreeze Iranian assets in South Korean banks after weeks of "intense negotiations".
It said specific destinations and the amounts were determined.
According to the report, Ryu said the South Korean government was ready to take "any measures" to free all the frozen assets without cap or limitations.
While welcoming the agreement, Tehran reportedly said it would seek damages from South Korean banks over "non-cooperation" in recent years.

Following the imposition of U.S. sanctions on Tehran, Iranian assets worth around 7 billion U.S. dollars were frozen in South Korean banks.
In January, Iran seized a South Korean-flagged vessel in the Persian Gulf, citing alleged environment pollution.
It denied any link between the seizure and the asset issue, but has constantly complained about the frozen assets.
Yoon Jung-min, Arirang News.
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