His official letter to an international institution for the return of blocked money in South Korean banks

The Central Bank of Iran has sent a letter to the International Center for the Settlement of Investment Disputes, requesting that South Korea return Iran's blocked assets to its banks, and that Tehran will sue Seoul if the dispute is not resolved. .

His official letter to an international institution for the return of blocked money in South Korean banks

MojNews_ The Central Bank of Iran has sent a letter to the International Center for the Settlement of Investment Disputes (ISDS) requesting that South Korea return Iran&#۳۹;s blocked assets to South Korean banks, according to KBS World.

According to a State Department official in Seoul, the South Korean government received the letter last September and is working to resolve the disruption of Iran&#۳۹;s frozen assets under US sanctions.

Iran will likely complain to the International Center for the Settlement of Investment Disputes (ISDS) if the two countries do not find a negotiated solution within the next six months after accepting the letter.

Informed sources told Yonhap News Agency today that officials in Seoul and Tehran are planning a working meeting next month to discuss Iran&#۳۹;s frozen assets in South Korean banks.

Earlier, the deputy foreign ministers of Iran and South Korea met in Austria to discuss Tehran&#۳۹;s blocked money in Seoul banks.

 

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