Heading a delegation of Korean ministers, senior economic officials and business people, Ms. Park will travel to Iran for a three-day visit, Parviz Esmaili, deputy for communications and information at Iran’s presidential office said on Monday.
The Iranian and South Korean presidents are going to weigh plans on the expansion of Tehran-Seoul relations and discuss the latest regional and international developments, he added.
According to Esmaili, the two countries will also sign several agreements in different fields such as energy, banking and insurance, health sector, science and technology, during the official visit.
Park is also scheduled to attend a conference on the enhancement of economic relations between Tehran and Seoul in the post-sanctions era and the investment opportunities available in Iran’s market for the Korean companies.
The visit follows a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program and started implementing it on January 16.
The comprehensive nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), took effect in January, terminating the nuclear-related sanctions imposed on Iran.