bye bye S.Korea economy

Such a sad day for those living there they first said they werewith us by our nuclear issue but they backstabbed us! good bye my little asians...

today.reuters.co.uk...

Iran appears to have banned S.Korea exports - Seoul
Wed Oct 19, 2005 4:21 AM BST


SEOUL (Reuters) - Iran appears to have imposed a ban on South Korean imports in retaliation for Seoul backing a U.N. nuclear agency resolution against it, South Korean officials said on Wednesday.

Iran said last month it could use trade to punish countries that voted for an International Atomic Energy Agency (IAEA) resolution that would send Tehran's nuclear programmes to the U.N. Security Council for possible sanctions.

"We are trying to confirm reports that have been coming in that that was the case," a South Korean official said by telephone.

"It appears the ban has been imposed," he said, speaking on condition of anonymity.

Electronics and automotive exports would suffer most from such a move, he said. Iran's crude oil exports to South Korea were unlikely to be affected, he added.

South Korean Foreign Minister Ban Ki-moon said at a briefing he could not confirm whether the ban had been imposed.

He said Seoul was in contact with Tehran's envoy in South Korea over the reports, but cast doubt on whether the action, if true, was related to Seoul's position on the IAEA resolution.

"It would not be appropriate for Iran to take this type of action for a position we have taken at an international organisation," Ban said, referring to the IAEA vote.

An official at a state-run South Korean trade agency noted reports that the Iranian trade agency had been rejecting permits for South Korean products.

It was not clear whether the rejections meant Tehran had imposed a total ban on South Korean exports, she said.

The agency, KOTRA (Korea Trade Investment Promotion Agency), also said there has been no problems reported in imports from Iran, including energy imports.

"All energy-related imports deals are fine. We haven't heard of any problem," said an official.

Iran is usually one of the top five oil suppliers to South Korea, the world's fourth biggest crude buyer.

Officials at SK Corp. and Hyundai Oilbank Corp., South Korean refiners which receive Iranian crude, also said they had no problem with oil supply so far.

South Korean exports to Iran were worth $2.1 billion last year, according to data from KOTRA.

[edit on 21-10-2005 by Thomas Crowne]

South Korea annual exports total over $250 billion, and Iran isn't even a major trading partner, according to the CIA factbook, and $2.1 billion accounts for less than 1% of that figure. South Korea's economy might suffer an eency teency weencie minor bit- but they ain't going nowhere cause of some Iranian import embargo. Forget it.

This thread is disinformation. Time to deny some ignorance and trash it, IMO.

Originally posted by TrueAmerican
South Korea annual exports total over $250 billion, and Iran isn't even a major trading partner, according to the CIA factbook, and $2.1 billion accounts for less than 1% of that figure. South Korea's economy might suffer an eency teency weencie minor bit- but they ain't going nowhere cause of some Iranian import embargo. Forget it.

This thread is disinformation. Time to deny some ignorance and trash it, IMO.

how bout i trash you?? just jokin but you can imagine what would happen if they get their oil supply cutten off by us? anyways i like to see that 250 billion which is exported by s.korea, and if it wouldnt damage their economy than how come were on their top 5 list on most exports handed out to them usually?.

This thread also has nothing to do with terrorism....er...wait, I am wrong about that, it is about IRAN after all....

The total worldwide export for South Korea is 250.6 billion (in 2004 US Dollars); the amount of which is goes to Iran isn't significant. South Korea imports 2.1 billion (2004 US Dollars) in petroleum from Iran.

Who is being hurt?

Where's the economy collapse?

Has Iran been taking lessons from the French in how to be an "also ran" in world prominence?

Dismissed.

Originally posted by TrueAmerican
South Korea annual exports total over $250 billion, and Iran isn't even a major trading partner, according to the CIA factbook, and $2.1 billion accounts for less than 1% of that figure. South Korea's economy might suffer an eency teency weencie minor bit- but they ain't going nowhere cause of some Iranian import embargo. Forget it.

This thread is disinformation. Time to deny some ignorance and trash it, IMO.

Are we missing something from this post?

Originally posted by Mainer
Are we missing something from this post?

The poster was commenting on this article:

(link to article)
.

Iran won't cut off oil supplies, I guarantee it. They want the money for their nuclear weapons I mean power program.