The Latest from Iran (21 October): How High Is the Rate of Inflation?
Sunday, October 21, 2012 at 16:13See also The Latest from Iran (20 October): "We Will Not Surrender"
1955 GMT: About 1,000 workers of the Entekhab group have staged a demonstration at the South Korean Embassy in Tehran after an acquisition deal with Daewoo Electronics collapsed because of sanctions.
The demonstrators called for return of a downpayment of $70 million by Entekhab in 2011 to Daewoo, company spokesman Hamid Ghaznavi said.
In November 2010, Entekhab Industrial Group signed a contract for its acquisition of South Korea's Daewoo Electronics for $518 million. Daewoo Electronics, a former subsidiary of the now-defunct Daewoo Group, has been under a debt rescheduling programme since 1999 when its parent company collapsed.
Entekhab is located in the central province of Isfahan and produces appliances such as refrigerators, washing machines and televisions under the brand names Snowa and Haier.