Korea has been undertaking specific measures in the areas of finance, trade, transportation and energy to restrict and monitor the private sector's transactions with Iran.
South Korea joins UN sanctions against Iran
09/12/2011
In accordance with the United Nations Security Council Resolutions, the sanctions/measures by international society in particular, the US and EU, which have raised the level of restrictions in an effort to restrict the Iran's suspected nuclear development, the Korean Government has decided to join the international sanctions against Iran.
HM Treasury has imposed new financial restrictions against Iran. From 15:00 Monday 21 November 2011, all UK credit and financial institutions are required to cease business relationships and transactions with all Iranian banks, including their branches and subsidiaries, and the Central Bank of Iran. This means that UK credit and financial institutions are prohibited from entering into transactions or business relationships with these entities and continuing existing transactions and business relationships with them, unless licensed to do so by HM Treasury.
EU Regulation 961/2010 - Iran sanctions
27/10/2010
The EU published the Regulation 961/2010 to implement the Council Decision of 26 July 2010 concerning restrictive measures against Iran setting out existing EU sanctions
The Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA) was signed by President Obama on 1 July 2010.