Iran General NewsIran kicks out SKorean sponsors after Seoul nuclear vote

Iran kicks out SKorean sponsors after Seoul nuclear vote

-

AFP: Iran has barred South Korean companies from sponsoring sporting events, including this weekend’s LG Cup football competition, in apparent punishment for Seoul’s
stance on Iran’s controversial nuclear programme. TEHRAN, Nov 7 (AFP) – Iran has barred South Korean companies from sponsoring sporting events, including this weekend’s LG Cup football competition, in apparent punishment for Seoul’s stance on Iran’s controversial nuclear programme.

“From today, no competition will have a (South) Korean sponsor, and that goes for all sports federations,” the student agency ISNA quoted national sports official Mehdi Ghadami as saying.

The national sports body decided that Korean electronics giant LG “could not sponsor the matches and that another sponsor needs to be found”, Ghadami added.

LG, a high-profile company in Iran, has sponsored the annual four-nation friendly tournament for years.

This year’s competition is due to see the national teams of Iran, Macedonia, Paraguay and Togo compete on Friday and Saturday.

Iranian officials insisted that the competition would nevertheless go ahead under a different name.

“If the (football) federation doesn’t find a sponsor in time, it will pay out of its own pocket,” said Ghadami, insisting the new sponsor had to be “worthy of Iran”.

It was not immediately clear how much the sponsorship deal was worth, although the cup’s winners take home 50,000 dollars, the runners-up 30,000 dollars and third place 20,000 dollars.

The move is seen as punishment for Seoul’s decision to vote in favour of an International Atomic Energy Agency (IAEA) resolution in September that paved the way for Tehran to be brought before the UN Security Council over its controversial nuclear programme.

Washington accuses the Islamic republic of developing a nuclear bomb under cover of a civilian nuclear programme, charges strenuously denied by Iran.

Goods from South Korea and Britain, which co-sponsored the IAEA resolution, are already the subject of an unofficial boycott in Iran.

Iran has in the past used sport as a political tool, playing up their win over arch-foe the United States in the 1998 football World Cup Finals while an Iranian judo competitor at last year’s Athens Olympics refused to compete against an opponent from Israel, the Islamic republic’s other arch-enemy.

The now nameless but still lucrative cup will see Iran play Macedonia and Paraguay to take on Togo on Friday, with the two winners meeting in a final on Saturday.

Latest news

The Gallows: The Real Story of Iran Behind the Oslo Ceremony

In an article published on June 8, the Norwegian newspaper Fædrelandsvennen sought to draw public attention to a different...

Lebanese President Expresses Clear Opposition to Iran’s Regime

Recent remarks by Lebanese President Joseph Aoun regarding the role of Iran's regime in developments in Lebanon have received...

Rationing and Sharp Increases in Bread Prices Across Iran

The livelihood crisis and intensifying economic pressures in Iran have now affected one of the most basic daily necessities...

Internet Shutdowns Have Devastated the Livelihoods of Millions of Iranians

Following widespread and repeated internet shutdowns in Iran ordered by regime officials, reports by trade and professional organizations show...

Iran’s ‘No to Executions Tuesdays’ Campaign Enters 124th Week

On Tuesday, June 9, the "No to Executions Tuesdays" campaign entered its 124th week and once again emphasized its...

Food Basket Share Reaches 71% of Iranian Workers’ Minimum Wage

Studies show that the cost of providing essential food items for a family of four in May 2026 exceeded...

Must read

The MEK’s Role in the Iran-Iraq War

By Jubin Katiraie The war began on September 20,...

Rainfall in Iran Has Been Higher Than Last Year, But 64% of Dam Reservoirs Are Still Empty

The latest statistics on the condition of Iran’s dams...

You might also likeRELATED
Recommended to you