0943 GMT February 19, 2020
On Thursday, the two sides held a meeting in Washington to discuss follow-up measures to the United States' decision in April to end sanctions waivers for imports of Iranian oil by South Korea and other countries, Yonhap reported.
Hong Jin-wook, the director general for the Foreign Ministry’s African and Middle East Affairs Bureau, led the South Korean delegation.
The US side included David Peyman, the deputy assistant secretary of state for counter threat finance and sanctions.
Their talks focused on South Korean companies facing difficulties in exporting medicine, medical equipment and other humanitarian products to Iran through a bilateral transaction system using the South Korean currency, won.
The Central Bank of Iran (CBI) has won-based accounts at Woori Bank and the Industrial Bank of Korea in Seoul to pay for not just oil imports but also products that are not subject to sanctions. Due to the oil sanctions, those accounts have been suspended.
“(Hong) called for the US’ continued interest and cooperation in addressing our companies’ difficulties related to the exports of humanitarian goods using the won-based accounts,” the ministry said in a press release.
The US side said that it had been reviewing Seoul’s request and will try to provide the results of the review in a prompt manner.