South Korea expects bilateral relations with Iran to further develop

19 September, 2023

South Korea confirmed on Tuesday Iranian funds that had been frozen in South Korea have been "successfully" transferred to a third country, after a U.S.-bound plane carrying five Americans freed by Iran left Doha as part of a prisoner swap, Reuters reported.

"The Iranian funds that had been frozen in South Korea due to financial sanctions on Iran have been recently transferred to a third country successfully under close coordination among the involved countries," South Korea's foreign ministry said in a statement.

"Our government expects our bilateral relations to further develop on the occasion of the transfer of the frozen funds," the ministry said, and thanked the governments of Qatar and Switzerland for their "constructive role" in resolving the issue.

A plane sent by Qatar flew the five U.S. citizens and two of their relatives out of Tehran after both sides got confirmation the $6 billion was transferred from South Korea to Qatari accounts, a source earlier told Reuters.

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