South Korea’s Ministry of Science, ICT and Future Planning has signed a wide-ranging partnership with its Iranian counterparts in science and ICT.

Iran and South Korea had previously signed an agreement in ICT from 1991 to 2004, until the nuclear sanctions which stopped this cooperation. “In the ICT sector, Iran was South Korea’s key cooperating partner in the region before the economic sanctions,” said South Korea’s ICT Minister, Choi Yang-hee.

With new memorandum of understanding (MOU) signed by the two countries, they will be able to run a joint research and development projects in science and technology. The Electronics and Telecommunications Research Institute of South Korea are planning to work with TEM Investment Company, which owns 50% of TCI shares, for ICT development, too. The ICT market in Iran, which is currently estimated at around $19 billion is expected to reach 29.8 billion dollars in 2020.

DiGiFi, the South Korean company which developed an antenna for satellite communication, announced that they’ve signed an agreement with Iran’s International Communication Company(ICCO). This company has signed a deal worth 7.5 billion dollars to provide equipment for an Iranian project to establish a low-orbit satellite communication network.

Under the agreement, the South Korean company is expected to complete the design work for the satellite communication network by September before signing a formal contract and launching operations to establish the network in October.

The low-orbit satellite communication network will connect 18 thousand villages in Iran to the internet. This project will take 1.5 years to complete and it would provide 3.5 to 4 Gbps broadband internet to the villages. Most of the investments will come from the Iranian side and the technology would be provided by the Korean partner.

Photo Credit: AP Photo/Ebrahim Noroozi

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