Korean company exports
to Iran closed on won account freeze
https://japanese.joins.com/article/082/253082.html?servcode=300§code=300
5/7 (Tuesday)
Two hundred more Korean export companies have been hit directly
by the US sanctions against Iran .
This is because the Bank of Iran's Woori Bank
and the Small Business Bank's won settlement accounts
have been frozen and can no longer receive export payments .
According to the related industry on the 6th,
KOTRA will be an export company on the 3rd
"Notice of suspension of payment system between Korea and Iran "
was notified.
KOTRA concerned person
He explained that
"the measures taken in response to the US recognition of the exception
to the sanctions sanctions against Korea against Korea
ended at 12:00 on May 2nd (at 0 am on May 2nd)."
In addition to the ban on crude oil imports from Iran,
the central bank account of Iran's central bank , Woori Bank
and SME Bank,
which was the passage for export payment settlement, was also frozen .
The effect occurred from the 3rd notice date.
Iran Exports Closed 2100 Companies Effort
... $ 4 Billion Market Lost Per Year
"We will inform you that the operation of the Won settlement system
between Woori Bank and SME Bank will be interrupted
and import / export trade
between Korea and Iran
using Won settlement account will not be possible ."
On the 3rd,
KOTRA sent a notice of such content to the Iranian export company.
It is said that export to Iran can not be done any more because
the won settlement account that receives export price is frozen.
Companies whose roads to Iran have been shut down are on the ground,
but the Korean government
" There is no countermeasure such as this, " it has been responding.
While the “ warning light ” lights up in Korea's exports,
it has been in danger of losing to the Iranian export market,
which reached $ 4 billion a year (based on 2017).
Woori Bank and SME Banks also freeze won account
The United States enacted the Comprehensive Iran Sanctions Act in May 2010.
The main content is that foreign companies trading
with Iran will also be sanctioned.
They banned the dollar from trading with Iran .
Five months later, in October,
the Korean government approved the proposal
from the US government to settle the trade price using won instead
of the dollar.
It was the start of the so-called won payment system.
The Won settlement system is a method in which the Central Bank of Iran
(CBI) opens a won account to a small business bank,
Woori Bank,
and settles the trade price between the two countries with the won.
For example, if an Iranian importer buys goods from a Korean company,
the Iranian company pays the Central Bank of Iran in a riyar.
The Iranian Central Bank transfers money
from the won account opened to Korea ’s Woori Bank
and small and medium-sized banks to the Korean company's account
with this amount of won.
Iranian importers use lyals and Korean companies use won
to avoid dollar trading.
Instead, the Iranian Central Bank won the import price
from the oil company that imports Iranian crude oil in Korea,
and deposited this amount in the won account of Woori Bank and SME Bank.
Such a Won settlement system has been approved by the United States,
and Korean companies have been able to export to Iran even
with US sanctions.
Korea's exports to Iran, which were $ 3,991.9 million in 2009,
increased to $ 6.25653 million in 2012.
In 2017, it reached $ 4,020 million and last year it reached $ 2,294,788.
However, following the resumption of Iran sanctions in the United States,
Korea was also excluded from foreign countries and frozen
to the won settlement account along
with the ban on importing crude oil from Iran .
The resumption of sanctions in the United States sank in October last year
and the Iranian Melat Bank's won settlement account has been frozen .
Mr. Shin Dong-chan , a legal corporation Kurimura (Yelchon)
who is a sanctions expert from Iran
“The cancellation of the Won settlement system means
that there is no way to receive the price even if you export the product.
It was explained that the way for Korean exports of Iran was to be closed .
The Iranian export company is a land dump
Last year 2111 Korean companies exported products to Iran.
There are some large companies such as Samsung Electronics,
but most are small and medium-sized companies that manufacture daily necessities
and electronic and mechanical parts.
Korean products exported to Iran last year
were the largest at $ 52.19 million in auto parts.
Next were $ 41 million for machinery, $ 34.32 million
for plastics, $ 20.64 million for steel,
and $ 16.11 million for electronic components.
KOTRA concerned person
"In Iran, Chinese products are not popular,
Japanese products are very high and Korean products are very popular.
There are also many intermediary traders among export companies,
as they are made in China, but if they are guaranteed
by a Korean trading company, they will become popular in Iran.
It talked.
It is difficult for 2100 Korean exporters exporting to Iran
with all won accounts frozen .
In connection with this,
the Korean government has held a meeting in
which the Ministry of Planning and Finance and the Ministry of Industry,
Trade and Resources, etc. have joined, and has formulated measures.
We're looking into ways to help Iran's exporters
to find liquidity and to find new outlets.
The Korean government official
"The only way to revive the Won settlement system is to persuade
the US government.
We are discussing with the US government under water,
but the atmosphere of the US government
for sanctions in Iran is very stubborn. "
It told you.
The dissatisfaction among the companies is
that the Korean government's measures are not understood
in the medium to long term but they are not immediately useful.
Iran Exporter Related Persons
"Finding a market alternative to Iran, which is popular for Korean products,
is not as easy as it says.
We are concerned that it will take a long time
to develop export sales channels this year. "
Complained.
BTS members famous for atomic bomb T-shirts are crazy inside the bus Videos leaked! https://twitter.com/i/status/1062852872176451584
Overseas fans seem to be exactly the same
Suddenly overflowing with compliments of English praise. Creepy…
http://www.ekn.kr/news/article.html?no=398456
https://news.v.daum.net/v/20181106030037589
http://www.koreaherald.com/view.php?ud=20181114000854
A song called BTS "run". Members are suffering in waters in the water.
MV release date, March 11, It is the day of the Great East Japan Earthquake.
I can not forgive as a Japanese citizen.
BTS wearing a comfort Woman wear
Dokdo is also doing anti-Japanese act of singing our territory.
Dokdo is also doing anti-Japanese act of singing our territory.
The capital flight started
World stock price / Korea KOSPI
Do not move, government intervention,
Trading suspension, circuit breaker activation,
power off of server,
Koria have a proven track record.
Yuzuru Sato
Korea attacks Japan by combining hands with North Korea and China
Propaganda neglect affects the recreation of the comfort women problem,
the activities of Japanese companies around the world
Possibility of losing in the image strategy at the US jury trial.
DiffusionHopeGermanNGOSupportLaosAdoptVillage
DiffusionHopehttps://laos.oxfam.org/
Englisharticles futukiitihoyoujiyo
Please Click！
↓ ↓ ↓ ↓
