Iran nuke deal positive for South Korean firms

A landmark deal on limiting Iran's nuclear program is expected to help South Korean companies make inroads into the key Middle Eastern market, Seoul's economic czar said Tuesday, according to Yonhap News Agency.
Chairing a meeting of economy-related ministers in Seoul, Finance Minister Choi Kyung-hwan said the provisional agreement, reached between Tehran and countries like the United States last week, will likely open new opportunities for local builders and industrial plant companies.
"We will keep close tabs on developments and the government will examine ways to help businesses tap into the market," he said.
Choi, who doubles as deputy prime minister, also said the sluggish pace of global economic recovery and a slowdown in China are fueling uncertainties that are not good for commerce.
Source: MENA