By Maryam Salari
South Korea’s president is expected to arrive in Tehran today on a three-day visit aimed at boosting mutual ties, becoming the first South Korean president to visit Iran since the nations established diplomatic ties in 1962.
Park Geun-hye will be accompanied by Seoul’s biggest-ever traveling business delegation of over 230 executives during the visit. Local reports suggested the two countries are expected to seal deals worth $10 billion.
Officials in Seoul say the primary purpose of the visit is economic as Korean companies eye deals in areas such as construction, autos and electronics.
South Korea is also eager to boost its oil supply from Iran which used to account for 10% of its oil imports before sanctions were imposed.
Iran Daily made an interview with President Park ahead of her landmark visit to Tehran.
Germany’s Economy Minister and Vice Chancellor Sigmar Gabriel has defended his visit to Iran, dismissing criticism by pro-Israel lobby groups which are furious at Europe’s bid for post-sanction business with Tehran.