Iran And South Korea Chamber Of Commerce Official Website

While investors in South Korea have shrugged off threats of war for years, limited but potentially telling signs of economic harm are starting to show this time as Kim Jong Un rattles nerves around the world.

Sunday, 03 September 2017 15:08

Rise in Asia's crude oil imports from Iran

Tehran (ISNA) -Imports of Iranian crude oil by major buyers in Asia rose in July from a 14-month low in the previous month, as purchases from South Korea surged by nearly 30% and those from China held steady, offsetting declines from Japan and India.

(Reuters) - Hyundai Motor (005380.KS) said on Wednesday it had resumed production in China after a supply disruption forced the suspension of operations last week, complicating its efforts to lift sagging sales in the world's biggest auto market.

Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, knocking out numerous refineries and some crude production.

EghtesadOnline: In line with efforts to attract much-needed foreign funds to expand power output capacity, the Energy Ministry has signed preliminary deals worth $6 billion to build new thermal power plants since early 2016, when sanctions against Tehran were lifted, managing director of Thermal Power Plants Holding Company (TPPHC) said.

 As Asia’s central banks grapple with low inflation, just like their global peers, they already have a dizzying array of mandates to guide their response.

EghtesadOnline: Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week.