South Korean business ties with Iran

The United States has been committed to the defense of freedom in South Korea for decades–since the end of active combat on the Korean peninsula in 1953. Today, the US has some 28,000 military personnel based in South Korea.

This is to say America “has South Korea’s back.” Recently, when the South Korean warship Cheonanwas sunk in a suspicious explosion suspected to have been caused by a North Korean torpedo, the US argued on behalf of South Korea in the UN Security Council and has plans for combined naval exercises in Korean waters.

America also has extensive business ties with South Korea, with South Korean companies exporting many products to the American market. Unfortunately, several of those big publicly-traded South Korean firms also have close, extensive ties to Iran.

http://www.centerforsecuritypolicy.org/p18459.xml?cat_id=220

August 10, 2010 · admin · No Comments
Posted in: Corporate Life Support, Daelim, Daewoo, GS Engineering & Construction, Hanjin Shipping, Hyundai Merchant Marine, Iran, Kia Motors, SK Networks Company Ltd, Samsung, South Korea

Turkey’s cozy business with Iran

June 08, 2010

By Christopher Holton

It becomes more apparent all the time that Turkey is a foe in the War for the Free World, between the forces of freedom and liberty and the forces of Shariah law and Jihad.

But perhaps the most startling evidence that Turkey is an enemy and not an ally is the corporate life support that it gives the Ayatollahs in Iran.

Many nations allow their corporate citizens to conduct business in and with the Islamic Republic of Iran, but one Turkish company in particular has provided an array of services that has benefited Iran’s military posture and allowed the Iranians to pose a clear and present danger to the Free World.

STFA Group is a Turkish engineering and construction conglomerate that builds everything from port facilities and energy industry infrastructure, to naval vessels and high-tech electronics. STFA has completed projects in Iran for government entities-projects that could enable Iran to threaten the flow of oil in the Persian Gulf and enrich itself in meantime.

http://www.centerforsecuritypolicy.org/p18418.xml


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Posted in: Corporate Life Support, Iran, STFA Group, Turkey

Sanctions and divesting from Iran

April 12, 2010

State Representatives Dan Lederman and Josh Mandel (of South Dakota and Ohio, respectively) appeared on CNBC to discuss their landmark Iran divestment programs. The Center’s Divest Terror Project works with states “to tighten the economic noose” around Iran’s mullahs.

http://www.centerforsecuritypolicy.org/p18361.xml?cat_id=220

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Posted in: Dan Lederman, Iran, Josh Mandel, Ohio, South Dakota, state divestment

A lesson from South Dakota

March 12, 2010

By Ben Evansky

South Dakota is the latest state to have adopted terror-free investment policies that target companies doing business with Iran. It joins some 18 other states and the District of Columbia. Observers say these states can teach the UN Security Council a thing or two when it comes to punishing Iran. The South Dakota law will force its state controlled pension fund to divest itself from companies doing business in Iran.

The bill’s original sponsor is Republican State Representative Dan Lederman who says the bill will affect nine million dollars of stocks owned by the state pension fund. Those equities will be divested over the next fifteen months. Hardest hit companies include Royal Dutch Shell and Total S.A. Lederman says “if Iran loses these partners the financial impact would be massive.”

http://www.centerforsecuritypolicy.org/p18331.xml?cat_id=220

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Posted in: Corporate Life Support, Dan Lederman, Iran, Shell, South Dakota, state divestment

Using stimulus funds in dubious ways

July 14, 2009

By Sarah Steelman

In the June 22 edition of the Wall Street Journal were two articles about the German industrial conglomerate, Siemens AG. One headline read, “Siemens Expects to Land $21 Billion from Global Stimulus Spending” (with $8 billion in revenue from the U.S. stimulus spending alone). The other read, “Iran’s Web Spying Aided by Western Technology” and reported that Siemens provided the technological equipment used to censor, eavesdrop and threaten the Iranian people.

http://www.centerforsecuritypolicy.org/p18127.xml?cat_id=220

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Posted in: Corporate Life Support, Iran, Sarah Steelman, Siemens

Doing business with Iran

June 17, 2009

Testimony of Roger W. Robinson, Jr. (Former Senior Director of International Economic Affairs at the National Security Council) before the Subcommittee on Terrorism, Nonproliferation and Trade of the House Committee on Foreign Affairs. Rayburn House Office Building, June 10, 2009

http://www.centerforsecuritypolicy.org/p18096.xml?cat_id=220

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Posted in: Corporate Life Support, Iran, Sanctions, Terror-Free Investing, state divestment

Terror-free investing making progress in Indiana and Florida

May 05, 2009

In state capitals across America, the movement to divest public funds from shares of companies that choose to do business with state sponsors of terrorism continues to make major headway.

State legislators have taken the lead in informing the public about the benefits of divesting from the economies of nations such as Iran, Syria, and Sudan which are all on the U.S. State Department’s list of terrorist sponsoring nations. These efforts have met with success in just the last several days as terror-free investment bills have been passed in two key states-Indiana and Florida.

In Indiana, HB 1547 authored by State Representative David Niezgodski, was signed into law on Friday, 1 May by Governor Mitch Daniels.

That law divests Indiana’s taxpayer-supported, public pension systems from companies with active business ties to the Islamic Republic of Iran and the Syrian Arab Republic. Indiana previously divested from the Islamic Republic of Sudan in 2007.

In Florida, SB 538, co-authored by Senator Ted Deutch and Senator Carey Baker, has now passed both houses of the Florida legislature and awaits the governor’s signature.

http://www.centerforsecuritypolicy.org/p18037.xml?cat_id=220

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Posted in: Florida, Indiana, Terror-Free Investing, state divestment

Blocking the Funds of Terrorists

April 10th, 2009

By Quin Hillyer

More and more American states are wisely divesting from companies that do business in Iran, Sudan, and perhaps Syria and other nations or entities that support terrorism.

http://spectator.org/archives/2009/04/10/blocking-the-funds-of-terroris

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Posted in: Iran, Terror-Free Investing, state divestment

How Europe’s Companies Are Feeding Iran’s Bomb

By Benjamin Weinthal

February 5, 2009

While the U.S. has ratcheted up its efforts to prevent Iran from obtaining nuclear arms, the Islamic Republic is reaping a windfall from European companies. These firms’ deals aid a regime that is bent on developing nuclear weapons and which financially supports the terror organizations Hamas and Hezbollah.

http://online.wsj.com/article/SB123379548035950207.html?mod=googlenews_wsj

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Posted in: Aerzen, Germany, Iran, Iran's nuclear program, Mercedes-Benz, Munich Re, Nokia, Nuclear weapons, Sanctions, Siemens, Terrorism

Iranian Economy Unwisely Helped by Germany

March 25, 2008

by Douglas Stone

Beginning with Bismarck’s creation of modern Germany, when it comes to moral choices and obligations to the rest of the world, Germany never seems to get it right: Taking a chunk out of France in 1870 to consolidate the Reich; blundering the world into the hecatombs of World War I; and, delivering a holocaust in World War II.

And now, yet again, by helping to sustain an Iranian regime attempting to acquire nuclear weapons. Even as Chancellor Merkel stands before Israel’s Knesset to tut tut her concern over the mullahs, Germany isn’t even taking the least costly steps to help keep Iran from achieving its nuclear ambitions.

Among the Western industrial powers, no country is more enthusiastic than Germany about trading with Iran and supplying it with the advanced goods crucial to its economy. Whether a German boycott of Iran would finally force Iran to respect demands for a shutdown of its nuclear efforts is unclear; what is clear is that without Germany adhering to tough sanctions there cannot be sufficient pressure on the Iranians to modify their behavior.

http://www.humanevents.com/article.php?id=25598


August 10, 2010 · admin · No Comments
Posted in: Corporate Life Support, Germany, Iran, Iran's nuclear program