Mrs Park was accompanied by representatives from some 236 South Korean companies and organizations. She was welcomed by Iran’s Industry, Mines and Trade Minister Mohammad Reza Nematzadeh.
Park is set to meet with her Iranian counterpart, Hassan Rouhani, on Monday in the first meeting between the leaders of the two countries since the establishment of bilateral diplomatic relations in 1962, Iran’s state news agency IRNA reported.
Iran has been seeking to integrate into the global financial system and improve ties with other countries since nuclear-related sanctions were lifted in January under a landmark deal with world powers.
The two countries are expected to discuss key issues on energy and infrastructure to developments in the Middle East and the Korean Peninsula. The two sides will reportedly seal deals worth over €10bn.
South Korea hopes that North Korea will follow in the footsteps of Iran in curbing its nuclear activities and joining the international community.
“We are looking, with keen interest, into what implications the Iranian nuclear deal may have on resolving the North Korean nuclear problem,” Park was quoted as saying according to the interview transcript provided by Cheong Wa Dae, South Korea’s presidential office.
Still, she said, “There is a limit to how much the approach that was used to resolve Iran’s case can be applied to the North Korean nuclear problem,” noting that North Korea has carried out a series of nuclear tests.