Korea’s economic relationship with Iran is facing a serious crisis. In addition to the United Nations resolution to prevent Iran’s nuclear proliferation, the United States is trying to apply strong sanctions against Iran and has asked the Korean government to follow its initiative. Washington has demanded Seoul to apply a level of sanctions similar to the European Union, restricting not only weapons trading but also financial transactions. This would virtually end all our economic relations with the largest Middle Eastern market, so the Korean government is deeply concerned.
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