SEOUL: The United States has granted South Korea a sanctions exemption, allowing the country to pay millions of dollars of overdue compensation to an Iranian investor over a 2010 dispute.

Seoul's foreign ministry said it had received a "specific license" from the US Treasury Department allowing the South Korean government to pay compensation to Iran's Dayyani Group.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details