Iran demands S. Korea to resolve problem of access to frozen financial assets
October 1, 2021, 6:02 am

Iran demands S. Korea to resolve problem of access to frozen financial assets

Iran-country-

The Xinhua reported, Iranian Foreign Minister Hossein Amir Abdollahian on Thursday urged South Korea to resolve the problem of Iran's access to its financial assets frozen in the latter's banks "as soon as possible."

In a telephone conversation with his South Korean counterpart Chung Eui-yong, Abdollahian strongly criticized the continuation of freezing Iran's assets, according to a readout released by the Iranian Foreign Ministry on its website.

The Xinhua mentioned, the top Iranian diplomat called for ending "the current impasse created by following the path drawn by the United States," so that Iran can use them to buy such essential items such as medicines.

Abdollahian said, due to the existing problem and suspension of trade between the two countries, and even restrictions on the trade of humanitarian items, the Iranian people are very dissatisfied with this situation.

Meanwhile, he praised the friendly relations between the two countries in the past decades, and stressed the need to further develop bilateral ties.

For his part, Chung stressed the need to resolve the problems existing in bilateral relations.

The Xinhua noted that over 7 billion U.S. dollars of Iranian funds from oil exports are frozen in South Korean banks amid the U.S. sanctions on Iran.

Source: xinhua

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”