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Iran, S. Korea sign 19 agreements of cooperation

Xinhua, May 2, 2016 Adjust font size:

Iran and South Korean signed 19 agreements of cooperation here on Monday to boost ties in diverse areas.

The ceremony was held in the presence of the Iranian President Hassan Rouhani and his visiting South Korean counterpart Park Geun-hye.

Based on the agreement, both countries will cooperate in maritime transportation and the relevant infrastructure. Tehran and Seoul will also expand their level of cooperation by jointly working on energy industry and petrochemicals.

Water resources, electrical and new energy industry development, aquaculture, education and technology, culture, ports developments, health and insurance are other areas that both countries agreed to cooperate.

On Sunday, National Iran Gas Exports Company and the Korean Gas Corporation signed a memorandum of understanding (MoU), under which Iran will export liquefied natural gas to South Korea, and the two countries will cooperate on exchanging related experiences in the gas industry.

Park's visit to Iran's capital Tehran, started on Sunday, is aimed at the talks on bilateral ties and economic cooperation as well as regional and international issues.

During her three-day visit, Park will meet with Iranian President Hassan Rouhani and a number of senior Iranian officials to discuss topics of mutual interest. Endit