Iranian and South Korean officials are scheduled to meet soon to discuss terms of a joint fish farming venture agreement between the two countries, a report said.
Tehran and Seoul are set to begin talks on boosting bilateral cooperation in the fisheries sector that will include a joint fish farming venture, the Seoul government said Monday, Yonhap news agency reported.
The source added that the negotiations will start on Thursday with the presence of South Korea's Ministry of Oceans and Fisheries and their Iranian counterparts.
"A joint venture in the Iranian market will not only provide an opportunity for our fish farming industry to leap forward, but it may also help create a Korean wave of fishery products in Iran," the ministry said in a statement.
Iran is the largest fish farming nation in the Middle East, annually producing some 325,000 tons of fishery products through farming, the ministry said in a press release.
South Korea is the world's seventh-largest fish farmer.