0248 GMT October 25, 2020
Speaking to reporters on the sidelines of a Cabinet meeting on Wednesday, Vaezi said that legal proceedings are underway for releasing Iran’s frozen oil money in South Korea, IRNA reported.
"We are recently witnessing positive signals from South Korea and we are waiting for putting into practice what they have said," the official said.
Iranian authorities have been pressing South Korea to release between $6.5 billion and $9 billion dollars in funds that had been frozen since 2018 when the United States imposed its unilateral sanctions on Iran, according to Press TV.
The release of the funds would enable Tehran to purchase medicine and medical equipment needed to fight the new coronavirus pandemic.
In July, government spokesman Ali Rabiei called on South Korea to abandon its “illegal” policies and release the Iranian assets so that Tehran can step up its fight against a deadly coronavirus outbreak.
“We expect South Korea to review its illegal approaches and also speed up the implementation of other negotiated solutions in addition to facilitating the trade in humanitarian items,” Rabiei said.
This would enable the Iranian nation “to gain access to its financial resources as soon as possible and overcome its economic and health problems emanating from the coronavirus spread,” he added.