ESSAY

Essay

Essay

Even back in the spotlight because of the increasing momentum behind the sanctions, controversy in doing business with Iran is factored in the Asia-Pac business development, especially for companies engaged in logistics or technology. Past disclosure of major Asian corporations like the South Korean POSCO and KT Corporation entities are both recognized and shrugged off the longstanding sensitivity of much western government towards Iran. Between 2006 and 2007, both POSCO and KT was quizzed by U.S. securities regulators if they are providing funds, products or services to the Iranian government. In response to detailed queries SEC, POSCO provided written assurance that ...