SEOUL (Reuters)- South Korea will transfer $550 million (328 million pounds) to Iran in its first back oil payment under an interim nuclear deal that eases sanctions on Tehran, sources with direct knowledge of the matter said on Thursday.
The payment on Friday will come after Japan cleared some of its dues as the U.N. atomic watchdog said the Islamic republic is reducing its most proliferation-prone nuclear stockpile as required under a landmark deal signed with six world powers.
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