IDRO and S. Korean companies strike deals

With the signing of three key agreements, industrial cooperation between Industrial Development and Renovation Organization of Iran (IDRO) and South Korean enters a new phase.

The agreements were the outcome of intensive negotiations between South Korean industrial delegations and Dr. Moazemi, chairman of the board of directors of IDRO, over the past months.

The first contract was inked by DIRO officials and representatives of Daewoo to expand ties in the ship making industry.

Under another deal, IDRO and two Korean companies of LG and KDB agreed to cooperate with each other in joint investment, project financing.

Date: 2nd May/ 2016

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