It will be the first presidential visit to Iran since South Korea and Iran established diplomatic relations in 1962.
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Park’s office said the three-day visit will focus on business and trade issues between the two countries as well as on ways to promote bilateral ties.
Park said she called for Iran’s cooperation in the faithful enforcement of United Nations sanctions resolution against North Korea that were imposed after Pyongyang carried out its fourth nuclear test and a long-range rocket launch earlier this year.
The second will be signed with South Korea’s Hundai for providing Iran with 450 train wagons, he added.
Park arrived in the Iranian capital on Sunday. On this trip, President Park is being accompanied by some 230 business leaders from large conglomerates and small-and-medium-sized companies, in fields deemed promising for economic cooperation with Iran.
IRNA said trade turnover between Tehran and Seoul is now at some $6.1 billion, and that Iran is looking to increase that amount to $17.4 billion.
A notable infrastructure deal was the $5.3 billion provisional contract to lay a 541 kilometer-long inland railroad connecting Esfahan and Ahwaz.
Citing the Iranian government’s five-year development map, which seeks to achieve an annual growth rate of 8 percent by year 2020, South Korea’s Land Ministry and Maritime Ministry offered their partnership in constructing railroads and harbors in Iran.
The Iranian president, too, repeatedly quoted water shortage as the country’s top four crises, along with unemployment, inflation, and drug abuse.
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The Iranian president also said that the Islamic Republic wants peace and stability in Korea peninsula.
