Seminar held in Korea to help biz people share info on Iran

Over 600 businesspeople and industry experts attended a seminar held in Korea on Thursday to share information needed for their possible entry into the newly-opened Iranian market, organizers said.

The seminar is intended to help participants share information on business practices, local customs, legal environment and other information on Iran, whose market is opening to the outside world after years-long international sanctions over its nuclear program. 

The Korea International Trade Association, a business lobby group here, and a major local law firm jointly organized the seminar held in southern Seoul.

Local businesses are ramping up their preparation to enter the Iranian market whose trade with Korea has been almost stalled in years since international sanctions were imposed on Tehran. They were lifted earlier this year.

Government data showed that Korea's exports to Iran hit an all-time high of $6.26 billion in 2012, but it had nearly halved to $3.76 billion last year. (Yonhap)