South Korean PM to visit Iran next week amid lingering tension over frozen Tehran funds

  • 4/9/2021
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Iranian authorities seized the chemical tanker, HANKUK CHEMI, in the Strait of Hormuz off Oman in January Iran agreed to free all of the ship’s 20 crew members except for the captain in February SEOUL: Prime Minister Chung Sye-kyun will visit Iran next week for talks on bilateral ties and other issues, his office said Friday, amid lingering tension over Tehran’s call to unlock its funds frozen here under US sanctions. Chung’s visit to Iran from Sunday to Tuesday – the first such trip by a South Korean premier in 44 years – follows Tehran’s release this week of a Korean oil tanker and its captain about three months after its seizure over alleged oil pollution. Iranian authorities seized the chemical tanker, Hankuk Chemi, in the Strait of Hormuz off Oman in January. They accused it of polluting the waters with chemicals. “Iran, with long coastlines in the Arabian Gulf and the Sea of Oman, stresses full compliance with maritime regulations, including environmental protection, and monitors every violation in this respect,” Saeed Khatibzadeh, a foreign ministry spokesman, was quoted as saying. He said the Iranian decision to release the captain had taken into account that he had no record of past violations in the region. “Through this visit, Prime Minister Chung will create an opportunity to enhance traditional friendly relations between South Korea and Iran, and develop them in a future-oriented manner,” Prime Minister Chung Sye-kyun office’s said in a press release. It did not elaborate on whom he would meet, but he is expected to hold talks with senior Tehran officials on an array of issues, including Iran’s funds – worth US$7 billion – frozen at Korean bank accounts. The two countries have been consulting over how to release part of Iran’s funds through a Swiss humanitarian trade arrangement designed to facilitate the flow of humanitarian goods to the Iranians. A South Korean foreign ministry official told reporters that both sides had agreed the ship and the funds were not related issues and South Korea promised to help get the money released. “We have expressed our firm willingness to resolve the fund issue,” said the official, who declined to be identified. The South Korean ministry said in a statement the ship had left Iran after completing administrative procedures. It made no mention of the demand for the release of funds. “The captain and sailors are in good health,” the ministry said. South Korea said the vessel did not cause any pollution. The ministry official said Iran dropped a plan to pursue seek criminal charges against the shipping company. Iran has denied allegations that the seizure of the tanker and its crew constituted hostage-taking, saying it was South Korea that was holding Iranian funds hostage. The freezing of the funds is linked to US sanctions that Washington reimposed on Tehran in 2018 after then-President Donald Trump withdrew from Iran’s 2015 nuclear deal with world powers. Under the Biden administration, the United States and Iran have begun indirect talks over a return to the accord. The United States has recently agreed to allow Iran to use the funds for non-military purposes and it has spent some on coronavirus vaccines secured via the global COVAX initiative, the ministry official said, without giving a precise amount. – with Yonhap News Agency

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