South Korea announces sanctions against Iran

Image via WikipediaSouth Korea announces sanctions against Iran
Seoul (AFP) Sept 9, 2010 - South Korea said it would penalise a key Iranian bank and put all financial transactions with Tehran under strict government supervision as part of sanctions over its nuclear programme. Foreign ministry spokesman Kim Young-Sun said Wednesday the government would impose a "heavy penalty" on the Seoul branch of Bank Mellat, which allegedly facilitated hundreds of millions of dollars in transac ... more