Monday, April 18th, 2016

Park Geun-hye to visit Iran in May

Narada Desk | April 18, 2016 5:45 pm Print

2013-10-30-park-presidentAiming to strengthen political and economic bilateral ties, South Korean President Park Geun-hye will in early May visit Iran in the first such visit by a South Korean head of state to the Middle East country.

Park and her Iranian counterpart Hassan Rouhani will discuss ways to promote bilateral relations and cooperation between the two countries in Tehran in her two days visit to the country from May 1-3, Yonhap news agency reported.

The two leaders will also examine regional issues such as the conflict on the Korean peninsula, said Seoul’s president’s office in a statement published on Monday.

Park and Rouhani will further discuss how to expand bilateral business, including for infrastructure, plants and energy, Park’s office said.

The South Korean leader will also attend a business forum between the two countries in Tehran.

Experts say the South Korean government is looking to make use of economic opportunities after international sanctions were lifted on the resource-rich Iran in January.

Iran had expressed a desire to attract foreign investment in infrastructure and other sectors to reconstruct an economy crippled by sanctions for at least a decade.

Park’s visit is historically significant, being the first of its kind by a South Korean president to Iran since diplomatic relations were established between the two countries in 1962