South Korea imposes independent sanctions against Iran

SEOUL, South Korea — South Korea said Wednesday it will ban many financial dealings with Iran and impose other penalties as part of a US-led campaign to enforce sanctions against the country over its disputed nuclear enrichment program.
Seoul targeted 102 entities with the sanctions, including the Iranian Revolutionary Guard Corps and the Islamic Republic of Iran Shipping Lines plus 24 individuals , Foreign Ministry spokesman Kim Young-sun said.
The United States welcomed South Korea's decision.
"These actions strengthen the growing international resolve to prevent proliferation and Iran's development of nuclear weapons and to press Iran to return to serious negotiations on its nuclear program and meet its international obligations," US Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner said in a joint statement.