A new study finds that if South Korea expands economic cooperation with Iran, its exports to the Middle Eastern country will climb to 84-and-a-half billion dollars and 680-thousand jobs will be created through 2025.
 
The Korea Economic Research Institute on Wednesday revealed the assessment in a report on the expected impacts of economic cooperation between Seoul and Tehran.
 
With increased bilateral cooperation, the report forecast that South Korea’s cumulative exports of construction services to Iran would reach 18-and-a-half billion dollars between this year and 2025. Exports of autos were forecast to amount to roughly 17 billion dollars, of petrochemicals nearly 15 billion dollars, of infrastructure and plants nearly 12 billion and of mobile phones some eleven billion dollars.
 
Between 2009 and 2015, South Korea’s annual exports to Iran amounted to only four-point-seven billion dollars on average.