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South Korea releases parts of frozen Iranian funds: Businessman

South Korea has agreed to release a part of funds belonging to Iran and frozen in the country’s banks under pressure from the United States, says a businessman leading trade between the two countries. Hossein Tanhayi, who chairs Iran-South Korea Joint Chamber of Commerce, said on Tuesday that the two …

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South Korean Minister resigns as tensions escalate with North

SEOUL: Tensions have escalated on the Korean Peninsula after Pyongyang blew up its liaison office with the South and prompted the resignation of South Korea’s Unification Minister, a point man designated to mend fragile ties with the North. Pyongyang blew up an inter-Korean liaison office building just north of its …

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S Korea seeks arrest of Samsung heir in succession probe

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. The move spells fresh trouble for Lee, who, if arrested, …

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South Korea to send $500,000 worth medical cargo to Iran

TEHRAN: South Korea will this week send $500,000 worth of medicine to Iran used to treat a hereditary disease, the South Korean foreign ministry said Thursday. In the first such humanitarian exports to Iran since the United States imposed unilateral sanctions on Tehran in 2018, the cargo, consisting of medicine …

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South Korea blocks test kits for Iran on Saudi-funded TV’s request

Iran says South Korea has rejected a SWIFT payment request by Tehran for purchase of coronavirus testing kits over the US sanctions. Iran’s Health Ministry spokesman Kianoush Jahanpour late Saturday released a document that shows a Saudi-funded TV had asked a Korean bank to reject the request. “As a result, …

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S. Korea, India to Keep Importing Iranian Oil

Tehran (Web Desk) South Korea and India agreed with the US on the outline of deals that would allow it to keep importing some Iranian oil after it asked the United States for “maximum flexibility” this week, according to Asian officials. No final decision has been made and an announcement …

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Synagogue gunman spoke of ‘genocide and desire to kill Jews’

PITTSBURGH (Web Desk) The Pittsburgh synagogue gunman spoke of “genocide and his desire to kill Jewish people” during his attack, authorities said Sunday, as they identified his 11 victims and worked to console the living.Forty-six-year old suspect Robert Bowers, who was taken into custody after a firefight with police, could …

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China: Rare chance for Korean peace shouldn’t slip away

BEIJING: (Web Desk) China has warmly welcomed the agreements reached in a summit between South and North Koreas in Pyongyang, saying Beijing will strongly support both sides for more talks aimed at reducing tension in the region. In a reaction to the agreements, China’s Foreign Minister and State Councillor Wang …

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Brief Korean reunions bring tears to separated families

SEOUL: (Web Desk) The 92-year-old South Korean woman wept and stroked the wrinkled cheeks of her 71-year-old North Korean son on Monday, their first meeting since they were driven apart during the turmoil of the 1950-53 Korean War. “How many children do you have? Do you have a son?” Lee …

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