S&P 500
1964.58
+13.76 +0.70%
Dow Indu
16805.41
+127.51 +0.76%
Nasdaq
4485.20
+32.41 +0.72%
Crude Oil
81.01
-0.77 -0.95%
Gold
1231.31
+0.86 +0.07%
Euro
1.2671
0.0000 0.00%
US Dollar
85.724
-0.108 -0.14%
Strong

Market Commentary and Intraday News

Iranian workers demand South Korea 'return' funds

636 days ago

Trading Index Futures
FREE Webinar will assist you in identifying good technical trade setups on the charts and the key components of your entry and risk in this market. Index futures are very technical in nature and are traded by professionals around the globe. Learn the index futures market and understand what you need to know when trading these instruments. Learn the Gap trade strategy to help build consistency in this market.
Click Here For Details

By ALI AKBAR DAREINI
Associated Press

(AP:TEHRAN, Iran) About 1,000 Iranian workers have staged a protest rally in front of the South Korean Embassy in Tehran demanding the return of $70 million allegedly held by Seoul after a collapsed business deal.

Employees of Iran's Entekhab Industrial Group claim South Korea has blocked a refund of the money after a failed bid in 2010 to buy Daewoo Electronics, a former subsidiary of the now-defunct Daewoo Group.

Iranians believe the deal was called off because of South Korean worries over mounting international sanctions against Iran over its nuclear program.

"Return our money," the protesters shouted Sunday in the third such rally in recent months.

Daewoo officials were not immediately available for comment.

Entekhab produces home appliances in Isfahan, about 300 kilometers (180 miles) south of Tehran.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.