• About Us
  • Subscription
  • Contact Us
Thursday, June 5, 2025
  • Login
Iran Times
  • Home
  • What’s the News
    • All
    • baygani
    Shah’s Grand Daughter Weds American In New York

    Shah’s Grand Daughter Weds American In New York

    Fruit Peddler To Hang For His Protest Poetry From Buying Texas Land

    Fruit Peddler To Hang For His Protest Poetry From Buying Texas Land

    UK Arrests Two Bands Of Iranians For Plotting Attacks

    UK Arrests Two Bands Of Iranians For Plotting Attacks

    Storms Pound Many Parts Of Iran, Killing Nine

    Storms Pound Many Parts Of Iran, Killing Nine

    Snatch And Grab Thievery Now All The Rage

    Snatch And Grab Thievery Now All The Rage

    Cousin Murders TV Hostess For Her Wealth

    Iranian Student In Alabama To Self-Deport Despite Withdrawal of Initial

    Iranian Student In Alabama To Self-Deport Despite Withdrawal of Initial

    Novel Tells Story Of Five Women In A Family That Leaves Iran For America

    Novel Tells Story Of Five Women In A Family That Leaves Iran For America

    Canada Party Boss Says Iran’s Leaders Are ‘Liars’

    Canada Party Boss Says Iran’s Leaders Are ‘Liars’

  • Diaspora
  • Economy
    Banks Must Keep More Money On Hand

    Banks Must Keep More Money On Hand

    Russian Says Iran Watermelons Unsafe

    Russian Says Iran Watermelons Unsafe

    Iran Not To Be Self-Sufficient In Wheat This Year

    Iran Not To Be Self-Sufficient In Wheat This Year

    Opec Pumps More Crude, Just When Its Not Needed

    Opec Pumps More Crude, Just When Its Not Needed

    Lithium Deposits Being Hyped By Some in Iran

    Lithium Deposits Being Hyped By Some in Iran

    Despite Trump, Iran Sells China More Oil

    Despite Trump, Iran Sells China More Oil

    Despite Revolutionary Goals, Iran’s Exports Still Mostly Oil-Based

    Trump Hits Iran With 10% Tariff On Next-To-No Trade

    Trump Hits Iran With 10% Tariff On Next-To-No Trade

    The Oil Patch

    The Oil Patch

  • Tidbits and Morsels
  • Latest

    Drone Attack That Killed 3 US Troops in Jordan Could Have Been Foiled

    Iranian-Canadians Reportedly Turned Away at US Border

    Iranian-Americans: an Account of Integration and Achievement

    Jamshid Myth

    Two Cabinet Ministers Convicted in $3.4B Case of Corruption at Tea Firm

    Two Cabinet Ministers Convicted in $3.4B Case of Corruption at Tea Firm

    Resolution in US House Would Very Quietly Endorse Mojahedin-e Khalq

    Resolution in US House Would Very Quietly Endorse Mojahedin-e Khalq

    Subsidized Currency Stays

    Crypto Crackdown Seen as Fueling Rial Collapse

    Iran no Longer Advances Clocks at Now Ruz

    Iran no Longer Advances Clocks at Now Ruz

  • About Us
  • Advertising
  • Subscription
No Result
View All Result
  • Home
  • What’s the News
    • All
    • baygani
    Shah’s Grand Daughter Weds American In New York

    Shah’s Grand Daughter Weds American In New York

    Fruit Peddler To Hang For His Protest Poetry From Buying Texas Land

    Fruit Peddler To Hang For His Protest Poetry From Buying Texas Land

    UK Arrests Two Bands Of Iranians For Plotting Attacks

    UK Arrests Two Bands Of Iranians For Plotting Attacks

    Storms Pound Many Parts Of Iran, Killing Nine

    Storms Pound Many Parts Of Iran, Killing Nine

    Snatch And Grab Thievery Now All The Rage

    Snatch And Grab Thievery Now All The Rage

    Cousin Murders TV Hostess For Her Wealth

    Iranian Student In Alabama To Self-Deport Despite Withdrawal of Initial

    Iranian Student In Alabama To Self-Deport Despite Withdrawal of Initial

    Novel Tells Story Of Five Women In A Family That Leaves Iran For America

    Novel Tells Story Of Five Women In A Family That Leaves Iran For America

    Canada Party Boss Says Iran’s Leaders Are ‘Liars’

    Canada Party Boss Says Iran’s Leaders Are ‘Liars’

  • Diaspora
  • Economy
    Banks Must Keep More Money On Hand

    Banks Must Keep More Money On Hand

    Russian Says Iran Watermelons Unsafe

    Russian Says Iran Watermelons Unsafe

    Iran Not To Be Self-Sufficient In Wheat This Year

    Iran Not To Be Self-Sufficient In Wheat This Year

    Opec Pumps More Crude, Just When Its Not Needed

    Opec Pumps More Crude, Just When Its Not Needed

    Lithium Deposits Being Hyped By Some in Iran

    Lithium Deposits Being Hyped By Some in Iran

    Despite Trump, Iran Sells China More Oil

    Despite Trump, Iran Sells China More Oil

    Despite Revolutionary Goals, Iran’s Exports Still Mostly Oil-Based

    Trump Hits Iran With 10% Tariff On Next-To-No Trade

    Trump Hits Iran With 10% Tariff On Next-To-No Trade

    The Oil Patch

    The Oil Patch

  • Tidbits and Morsels
  • Latest

    Drone Attack That Killed 3 US Troops in Jordan Could Have Been Foiled

    Iranian-Canadians Reportedly Turned Away at US Border

    Iranian-Americans: an Account of Integration and Achievement

    Jamshid Myth

    Two Cabinet Ministers Convicted in $3.4B Case of Corruption at Tea Firm

    Two Cabinet Ministers Convicted in $3.4B Case of Corruption at Tea Firm

    Resolution in US House Would Very Quietly Endorse Mojahedin-e Khalq

    Resolution in US House Would Very Quietly Endorse Mojahedin-e Khalq

    Subsidized Currency Stays

    Crypto Crackdown Seen as Fueling Rial Collapse

    Iran no Longer Advances Clocks at Now Ruz

    Iran no Longer Advances Clocks at Now Ruz

  • About Us
  • Advertising
  • Subscription
No Result
View All Result
Iran Times
No Result
View All Result

South Korea gives Iran immense line of credit

September 01, 2017

Iran is loudly celebrating one of the country’s biggest credit line deals, a signing with South Korea’s Eximbank, saying it marks a new opening in attracting foreign investment.

The framework agreement between Iranian banks and Korea Eximbank was signed in Seoul Friday, under which the Korean side will provide an 8 billion euro ($9.4 billion) loan to finance projects by South Korean companies in Iran.

“The spell of the capital flow into Iran was broken,” the daily Sharq headlined on its front page, while the daily Shahrvand described it “Seoul’s golden loan to Tehran.”

“The 8 billion euro finance by the Koreans will break a big barrier. Those banks that were afraid of cooperating with Iran can now finance Iranian projects. It is expected that after the Korean banks, Japanese banks and later European banks will be more comfortable working with Iran,” the state news agency wrote.

The financial daily Jahan-e Sanat carried an article by the governor of the Central Bank, Valiollah Seif, saying the loan was a sign of the “return of global trust in Iran’s banking system.”

Korea Eximbank said it signed the agreement with three Iranian banks and will do so with nine others in the coming week to complete the agreement.

Seif said the loan will facilitate several development and production projects and it showed the international community was ready to restore “long-term” banking ties with Iran.

According to the objectives of the sixth five-year development plan (2016-21), $65 billion of foreign investment should be absorbed.

The deputy director of the foreign investment office, Akbar Qahremani, said, “This expected amount of investment includes $30 billion in finance, $20 billion in economic partnership and $15 billion in direct investment.”

“Capital is cowardly, so to speak, and it does not go where there is no security; this agreement represents the existence of security in the Iranian economy,” a member of the Tehran Chamber of Commerce, Industry, Mines and Agriculture, Abbas Argoon, told the state news agency Saturday.

Iran secured its first credit line for $10 billion from the Chinese in 2015 as nuclear negotiations between Tehran and a number of world countries neared a settlement.

Previous Post

Uber’s new boss was born in Iran

Next Post

Budget deficit expected to rise for fifth year in a row

Related Posts

Banks Must Keep More Money On Hand
Economy

Banks Must Keep More Money On Hand

Russian Says Iran Watermelons Unsafe
Economy

Russian Says Iran Watermelons Unsafe

Iran Not To Be Self-Sufficient In Wheat This Year
Economy

Iran Not To Be Self-Sufficient In Wheat This Year

Next Post

Budget deficit expected to rise for fifth year in a row

The Oil Patch

The Oil Patch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Contact Us
  • Advertising
  • Subscription
  • Culture
  • Economy
Call us: +1 (202)-659-9868

© 1970-2025 Iran Times - ‬An‭ ‬Independent‭ ‬Newspaper

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • What’s the News
  • Diaspora
  • Economy
  • Tidbits and Morsels
  • Latest
  • About Us
  • Advertising
  • Subscription

© 1970-2025 Iran Times - ‬An‭ ‬Independent‭ ‬Newspaper

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version